Power Grid Corporation of India said that its board approved to borrow funds upto Rs 16,000 crore through various sources during the financial year 2025-2026.
The company will issue domestic bonds (secured/ unsecured, non-convertible, non-cumulative, redeemable, taxable/tax-free under private placement).Further, the board approved the current borrowing limits from existing Rs 12,000 crore to Rs 15,000 crore during the financial year 2024-25 through issue of secured / unsecured, non-convertible, non-cumulative, redeemable, taxable / tax-free Bonds under Private placement from domestic / other sources.
The above agenda by the board of directors are subject to approval of shareholders in the ensuing annual general meeting (AGM).
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 declined 3.62% to Rs 4,166.33 crore on 2.5% fall in revenue from operations to Rs 11,978.11 crore in Q4 FY24 over Q4 FY23.
Shares of Power Grid Corporation of India were lower 0.27% to Rs 345.15 on the BSE. The scrip hit an all-time high at Rs 348.60 intraday today.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
