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Power Grid to raise up to Rs 2250 cr in FY24 for capex requirements Back
(25 Sep 2023)
Power Grid Corporation of India has approved the raising of upto Rs. 2,250 crore in FY 23-24 in second tranche to part finance its capex requirement, for providing Inter Corporate Loan(s) to wholly owned subsidiaries/JVs and for general corporate purposes by securitization of cash flows of 4 operational SPV viz. “POWERGRID Bhuj Transmission (PBTL), POWERGRID Khetri Transmission System (PKTSL), POWERGRID Medinipur Jeerat Transmission System (PMJTL) & POWERGRID Varanasi Transmission System (PVTSL)” upto March 2034.
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