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

Narak Chaturdasi 2025: Significance And Celebrations Of Choti Diwali

The Art Of Chai: Discovering India’s Most Beloved Tea Stalls

Aryatara Shakya: Nepal’s New Kumari, The Living Goddess Tradition Explained

World War II Stories You Never Heard

The Most Powerful Empires In Human History

Queens Who Ruled Before Feminism – Power, Politics & Rebellion

The Story Of Koh-i-Noor: The Diamond That Travelled Across Empires

India’s First Nuclear Test: Pokhran 1974

Heritage Hotels That Let You Sleep Like Royalty

Fashion Icons 2025: Bollywood’s Style Vanguard

Hidden Hill Stations In India You’ve Probably Never Heard Of

7 Hidden Gems in India You’ve Never Heard Of

Street Foods Of India You Must Try Once In A Lifetime

Unique Themed Restaurants In Delhi NCR

Built On Volcanoes: Why People Still Live There?

Space Tourism: How Soon Can You Book A Ticket?

Day 10 Of Navratri – Dussehra (Vijayadashami)

9th Day Of Navratri – Goddess Siddhidatri

6 Facts About Delhi That Travellers Should Know

Maha Ashtami In Bengal – A Divine & Cultural Celebration