Power Grid gets shareholders nod to raise Rs 6,000 crore via bonds
28th Sep 2021

Power Grid Corporation of India (PGCIL) has received shareholders’ approval to raise up to Rs 6,000 crore  from the domestic market through the issue of secured / unsecured, non-convertible, non-cumulative/ cumulative, redeemable, taxable/tax-free debentures/bonds under private placement during 2022-23 in up to 20 tranches.

All resolutions as set out in the Notice of 32nd Annual General Meeting have been duly approved by the Shareholders with requisite majority. A special resolution in this regard was listed on the agenda of the annual general meeting to be held on September 24, 2021.

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.