Powergrid board approves proposal to raise Rs 4,000 cr from SBI PSU Watch
News Updates

Powergrid board approves proposal to raise Rs 4,000 cr from SBI

Power Grid Corporation of India approved a proposal to raise up to Rs 4,000 crore from State Bank of India to fund its operations

PSU Watch Bureau

New Delhi: State-owned Power Grid Corporation of India on Thursday said its board has approved a proposal to raise up to Rs 4,000 crore from public lender State Bank of India (SBI).

"The Board of Directors...considered and approved the raising of funds through unsecured rupee term loan/ line of credit (bank facility) of up to Rs 4,000 crore from State Bank of India," the company informed exchanges.

Follow The PSUWatch Channel on WhatsApp

Under the Ministry of Power, Power Grid Corporation of India (Powergrid) is India's largest electric power transmission utility.

Follow PSU Watch on LinkedIN

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Also Read

Cost of funds for NBFCs, HFCs may rise over medium term: Ind-Ra

IDBI Bank Q4 net profit slips 5% to Rs 1,943 crore

FDI in India may cross USD 90 bn in 2025-26: DPIIT Secy

Current growth trajectory paves way for India to be a developed nation by 2047: Sachs

India is working on a roadmap to add 92 vessels in this fiscal