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Power Grid Corporation Raises Rs 600 crore Through Bonds

Published on March 24, 2023
Current Context: Power Grid Corporation’s board has approved the private placement of up to Rs 600 crore through bonds.
Power Grid Corporation Raises Rs 600 crore Through Bonds
  • Committee of directors for bonds has approved the raising of taxable 72nd Powergrid Bonds to be issued in 2022-23.
  • These will b e issued in private placement worth Rs 600 crore by securitisation of cash flows until 2032-33.
  • This will be in tune with the operational SPV (special purpose vehicle) through POWERGRID NM Transmission Ltd' (PNMTL).
  • The total issue size is Rs 600 crore including issue size of Rs 100 crore and green shoe option of Rs 500 crore.
  • The bonds will be listed at BSE and NSE.

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