You are here: Home » Companies » News
Business Standard

Power Grid Corp enters Rs 3,270 cr term loan pact with ICICI Bank

During the current fiscal, it has mobilised Rs 6,130 cr through issue of bonds under private placement

Topics
Power Grid Corp

Press Trust of India  |  New Delhi 

Power Grid Corp enters Rs 3,270 cr term loan pact with ICICI Bank

State-run today said it has entered into a term loan facility agreement with ICICI Bank for Rs 3,270 crore.

Power Grid Corp, the central power transmission utility, has an ambitious investment plan and has budgeted capital expenditure (CAPEX) including investment in joint venture and subsidiaries of more than Rs 25,000 crore during 2017-18, Power Grid said in a statement today.

During the current fiscal, it has mobilised Rs 6,130 crore through issue of bonds under private placement, term loans from domestic commercial banks and has also entered into two long term loan agreements with Asian Development Bank (ADB) for $725 million for financing CAPEX.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, September 29 2017. 18:45 IST
RECOMMENDED FOR YOU
.