Power Grid raises borrowing limit to ₹2.2 lakh crore
pre-market1 source ↓written by the desknot a recommendation
- ₹2,20,000 crore
- ₹1,80,000 crore
- through External Commercial
- $500 million
- was approved
- ₹772.65 crore
- targeting completion
- 11 Aug 2028
Power Grid Corporation of India Ltd has increased its borrowing limit to ₹2,20,000 crore from ₹1,80,000 crore. This decision, pending shareholder approval, also includes raising $500 million through External Commercial Borrowings (ECB) to enhance foreign currency funding. Additionally, an investment of ₹772.65 crore was approved for upgrading the Udumalpet – Madurai 400kV line, targeting completion by 11 Aug 2028.
Not investment advice. For informational purposes only.