Powergrid Signs Rs 10 K Cr Term Loan With SBI To Fund Capex Needs


Powergrid Signs Rs 10 K Cr Term Loan With SBI To Fund Capex Needs

Team EnergyInfraPost

State-owned transmission major, POWERGRID has entered into a term loan facility agreement for ₹10,000 Crore with State Bank of India (SBI) today, for meeting capital expenditure for expansion/ renovation and setting up of various undergoing and new transmission & other projects in the company and in identified SPVs/JVs of the company.

POWERGRID has an ambitious investment plan and has budgeted Capital expenditure (CAPEX) including investment in joint venture and subsidiaries of ₹25,000 Crore during the Financial Year 2018-19.

Major transmission lines under execution by POWERGERID are HVDC Bipole link between Western Region and Southern Region (Raigarh-Pugalur 6000 MW HVDC System), POWERGRID Southern Interconnector Transmission System, Green energy Corridor ISTS, POWERGRID Medinapur-Jeerat Transmission system and POWERGRID Varanasi Transmission System Limited.

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