Power Grid Corp to raise Rs 12000 crore

(20 second reading) The directors of Leading PSU Power Grid Corporation approved a proposal to raise up to Rs 12,000 through the issuance of bonds in one or more tranches in 2024-25.
Power Grid Corporation is the country’s largest electric power transmission utility. It operates 86 per cent of Inter-Regional networks. It is engaged in the bulk transmission of power across states in the country.
Meanwhile, shares of Power Grid Corporation last traded at Rs 274.35 apiece, up 0.07 per cent on Tuesday, April 16.