POWERGRID to Raise ₹22.5 Billion Through Bonds Issue

The proceeds will be used to part finance the company's CAPEX requirements

September 26, 2023

/ Arjun Joshi
/ Finance and M&A, Grid
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Government-owned power transmission utility Power Grid Corporation of India (POWERGRID) has received approval from its Board of Directors to raise unsecured, non-convertible, non-cumulative, redeemable, and taxable bonds for ₹22.5 billion (~$270.3 million) through private placement.

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Arjun Joshi

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