Board Meeting30 Apr 2026, 11:51 am
POWERGRID Board approves Rs 94,000 Cr fundraise via SBI loan
AI Summary
Power Grid Corporation of India Ltd's Board of Directors, in a meeting held on April 30, 2026, has approved a fund-raising initiative. The company will raise up to \u20b94,000 Crore through an Unsecured Rupee Term Loan/Line of Credit from State Bank of India. This strategic move aims to secure financial resources for the company's operations and future projects.
Key Highlights
- Board approved fund raising on April 30, 2026.
- Company to raise up to \u20b94,000 Crore.
- Funds secured via Unsecured Rupee Term Loan/Line of Credit.
- State Bank of India is the lender for the facility.
- This provides capital for future growth and operations.