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PowerGrid inks pact with SBI for Rs 50 bn loan

The company is mainly into power transmission and is a central transmission utility of the country

Press Trust of India  |  New Delhi 

SBI

State-owned said today that it has entered into an agreement with State Bank of for Rs 5,000 crore term loan for meeting its capital expenditure.

In a BSE filing it said the company has entered into a Term Loan facility agreement for Rs 50 billion with SBI yesterday for meeting "capital expenditure for expansion/ renovation and setting up various undergoing and new transmission and other projects in the company and in identified SPVs/JVs (special purpose vehicles/joint ventures) of the Company".

Power Grid has planned a capital expenditure of Rs 250 billion in the next fiscal. Its budgeted capital expenditure for the current fiscal is also Rs 250 billion.

The company is mainly into power transmission and is a central transmission utility of the country.

First Published: Mon, March 12 2018. 20:25 IST
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