Power Grid planning to raise funds up to Rs 10,000 crore
28th Jun 2019

Power Grid Corporation of India is planning to raise funds up to Rs 10,000 crore, from domestic market through issue of secured/unsecured, non-convertible, non-cumulative/ cumulative, redeemable, taxable/  tax-free Debentures/ Bonds under Private Placement during the Financial Year 2020-21 in upto twenty tranches/ offers. A meeting of the Board of Directors of the company will be held on July 3, 2019 to consider and approve the same.

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India. Power Grid transmits about 50% of the total power generated in India on its transmission network.