Power Grid Corp board approves plan to raise borrowing limit to Rs 15,000 crore for FY25
The Board of Directors of Power Grid, in their meeting held on 10th July 2024, have accorded the following approvals for borrowing funds of up to Rs 16,000 crore during the financial year (FY) 2025-26 through various sources, including domestic bonds (Secured/ unsecured, non-convertible, non-cumulative, redeemable, taxable/tax-free under private placement), a BSE filing said.
![Power Grid Corp board approves plan to raise borrowing limit to Rs 15,000 crore for FY25](https://cdn.zeebiz.com/sites/default/files/2024/07/11/304280-power-grid.jpg?im=FitAndFill=(1200,900))
The board has also fixed the borrowing limit at Rs 16,000 crore for 2025-26. Image/Representational