News Brief | February 2011
PowerGrid plans Rs 10,000 cr bond issue in 2011-12
PowerGrid, the country's largest transmission firm, plans to issue domestic bonds for about Rs 10,000 crore in 2011-12 to meet its expansion needs. It has planned a 50 per cent increase in its capital expenditure to Rs 18,000 crore for the next year. The company may also go in for another follow-on public offer (FPO). For the current fiscal, PGCIL has raised a major portion of the targeted Rs 7,000 crore from domestic bonds and the remaining will be raised in the ongoing last quarter. Also, PGC has bagged the Rs 1,600 crore project to set up 1,000 km of transmission lines and 10 substations in Jharkhand.
Contact: Power Grid Corp
Tel: +91 011 2656 0112