Power Grid Corp of India to Raise Rs. 900 Cr via Private Placement Bonds
Power Grid Corporation of India Ltd’s Committee of Directors has approved the raising of Rs. 900 Crore through Private placement bonds. The Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable POWERGRID Bonds-LXXI (71st) Issue 2022-23 will be raised by securitization of cashflows for 10 years until FY 2032-33. The funds will be raised from the operational SPV, “POWERGRID Mithilanchal Transmission Limited (PMTL)”.
About Power Grid Corporation of India:
Power Grid Corporation of India Ltd is an Indian central public sector undertaking under the ownership of the Ministry of Power, Government of India. It is engaged mainly in transmission of bulk power across different states of India. It is headquartered in Gurugram.
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