Power Grid Corporation of India Ltd. has received approval from its board to raise funds of up to Rs.10,000 crore from the State Bank of India. The fundraising proposal is part of the company’s financing plans and comes as Power Grid continues to invest in transmission infrastructure.
The proposed borrowing adds to the company’s funding pipeline for capital expenditure and other requirements. Power transmission projects require significant long-term investment, and the proposed facility provides another source of financing for the company’s planned activities.
