PowerGrid Inks Pact With SBI For Rs 5,000 Crore Loan


PowerGrid Inks Pact With SBI For Rs 5,000 Crore Loan

State-owned Power Grid Corp said that it has entered into an agreement with State Bank of India for Rs 5,000 crore term loan for meeting its capital expenditure.

In a BSE filing it said the company has entered into a term loan facility agreement for Rs 5000 crore with SBI for meeting “capital expenditure for expansion/ renovation and setting up various undergoing and new transmission and other projects in the company and in identified SPVs/JVs (special purpose vehicles/joint ventures) of the Company”.

Power Grid has planned a capital expenditure of Rs 25,000 crore in the next fiscal. Its budgeted capital expenditure for the current fiscal is also Rs 25,000 crore. Read More…

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