Power Grid board OKs raising funds upto <span class='rupeeNews'>R<span>s</span></span> 12,000 cr

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Power Grid board OKs raising funds upto Rs 12,000 cr	Share Back
(17 Apr 2024)
The unsecured, non-convertible, non-cumulative, redeemable, taxable POWERGRID bonds will be issued in one or more tranches / series. Power Grid Corporation of India (PGCIL), a Public Sector Undertaking is India's principal electric power transmission company. The company is engaged in implementation, operation and maintenance of inter-state transmission system (ists), telecom and consultancy services. The company’s consolidated net profit jumped 2.6% to Rs 4,028.25 crore on 2.6% increase in net sales to Rs 11,549.79 crore in Q3 FY24 over Q3 FY23. Shares of Power Grid Corporation of India ended 0.07% higher at Rs 274.35 on Tuesday, 16 April 2024. The domestic market is shut on account of Shri Ram Navami.
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