Power Grid Board Approves A Bond Issue Worth Rs 2,200 Crore

The board of directors of the state-owned Power Grid Corporation approved a bond issue of Rs 2,200 crore on Friday.

According to a regulatory filing, the company’s committee approved the raising of up to Rs 5,700 crore in multiple tranches in FY 23-24 to part finance its capex requirement, provide an inter-corporate loan(s) to wholly owned subsidiaries/JVs and for general corporate purposes at its meeting on July 29, 2023.

It further added that the bond committee of directors approved up to Rs 2,200 crore for the third tranche of bonds at their meeting on Friday.

As per the filing, the issue size is Rs 500 crore with a greenshoe option of Rs 1,700 crore.

Also read: President Zelensky Talks With Pope Francis About Ukraine’s Peace Formula

8 Most Unique Places In North India To Visit In April

Enhance Your Home with These 5 Stunning Creepers

Inside Stories Of Salman Khan’S Eid Bash

Top 5 Must-Visit Summer Destinations

Want to Stay Fit & Detox? 6 Health Perks of Fasting in Navratri

5 Refreshing Indian Dishes For A Perfect Summer Lunch

Ghibli Studio’s Latest Trend: Everything You Need To Know

5 Indian Cities To Witness Cherry Blossoms In April

8 Diabetes-Friendly Summer Fruits To Enjoy

Wake Up To Weight Loss: 5 Morning Habits That Work!

5 Colorful & Healthy Smoothie Recipes To Brighten Your Day

From Wood To Wonder: The Magical Journey Of Crafting A Sitar!

5 Incredible Benefits Of Eating Dates Every Day

5 Powerful Indian Drinks To Strengthen Your Immunity

Unlock The Power Of Jackfruit Seeds: Top 5 Health Benefits

Delicious Ways To Add Cinnamon To Your Diet

Top 5 Nutrient-Rich Soaked Foods To Add To Your Diet

CMD Upendrra Rai On AI’s Role In Shaping Future Employment At SATCAB 2025

5 Quick & Effective 5-Minute Workouts For Busy Schedules

5 Creative Ways To Boost Your B12 With Fruits & Fortified Foods