Power Grid board approves raising Rs 5,700 crore via bonds in FY24
The company said that the fund raised will be used to part finance its capex requirement, for providing inter corporate loans to wholly-owned subsidiaries/JVs and for general corporate purposes.
![Power Grid board approves raising Rs 5,700 crore via bonds in FY24](https://cdn.zeebiz.com/sites/default/files/2023/07/29/253811-power-grid-file.jpg?im=FitAndFill=(1200,900))
This will be done by securitisation of cashflows of 4 operational SPVs- POWERGRID Bhuj Transmission, POWERGRID Khetri Transmission System, POWERGRID Medinipur Jeerat Transmission System, and Varanasi Transmission System up to March 2034. Photo: File