Power Grid Corporation of India informed that its board has approved the raising of bonds as POWERGRID bonds issue(s) upto Rs 12,000 crore during FY 2024-25.
The unsecured, non-convertible, non-cumulative, redeemable, taxable POWERGRID bonds will be issued in one or more tranches / series.Power Grid Corporation of India (PGCIL), a Public Sector Undertaking is India's principal electric power transmission company. The company is engaged in implementation, operation and maintenance of inter-state transmission system (ists), telecom and consultancy services.
The companys consolidated net profit jumped 2.6% to Rs 4,028.25 crore on 2.6% increase in net sales to Rs 11,549.79 crore in Q3 FY24 over Q3 FY23.
Shares of Power Grid Corporation of India ended 0.07% higher at Rs 274.35 on Tuesday, 16 April 2024. The domestic market is shut on account of Shri Ram Navami.
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