New Delhi: State-owned Power Grid Corporation of India's board on Wednesday approved a proposal to raise up to Rs 12,000 by issuing bonds in one or more tranches in 2024-25.
"The Committee of Directors for the Bonds in its meeting held today i.e. April 17, 2024 approved the issuance of the Bonds in the form of unsecured, non-convertible non-cumulative, redeemable, taxable PowerGrid Bond Issue during FY 2024-2 in one or “Approved additional tranches/series of up to Rs 12,000 crore,” the BSE filing said.
Power Grid Corporation is the country's largest electric transmission utility. It operates 86 percent of the inter-regional network.
It is engaged in large scale transmission of electricity in all the states of the country.
"The Committee of Directors for the Bonds in its meeting held today i.e. April 17, 2024 approved the issuance of the Bonds in the form of unsecured, non-convertible non-cumulative, redeemable, taxable PowerGrid Bond Issue during FY 2024-2 in one or “Approved additional tranches/series of up to Rs 12,000 crore,” the BSE filing said.
Power Grid Corporation is the country's largest electric transmission utility. It operates 86 percent of the inter-regional network.
It is engaged in large scale transmission of electricity in all the states of the country.
