PowerGrid issues non-convertible bonds worth Rs 600 cr

PowerGrid issues non-convertible bonds worth Rs 600 cr

The issue is by securitization of cashflows of 10 years i.e. till FY 2032-33 of its operational SPV viz. “POWERGRID NM Transmission Limited (PNMTL)”

FPJ Web DeskUpdated: Friday, March 24, 2023, 12:11 PM IST
article-image
PowerGrid issues non-convertible bonds worth Rs 600 cr | Image: Wikipedia (Representative)

Power Grid Corporation of India informed that the Committee of Directors for Bonds, in their meeting held today i.e. on 24th March, 2023, have approved the raising of Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable POWERGRID Bonds-LXXII (72nd) Issue 2022-23 on Private placement upto Rs. 600 cr, via an exchange filing.

The issue is by securitization of cashflows of 10 years i.e. till FY 2032-33 of its operational SPV viz. “POWERGRID NM Transmission Limited (PNMTL)”.

The disclosure is in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

RECENT STORIES

How Critical Minerals Are Anchoring India’s Rise To Global Power
How Critical Minerals Are Anchoring India’s Rise To Global Power
Rishabh Pant Extends Warm Wishes To Sanjiv Goenka On His 65th Birthday; Lucknow Super Giants Owner...
Rishabh Pant Extends Warm Wishes To Sanjiv Goenka On His 65th Birthday; Lucknow Super Giants Owner...
Silver Crosses ₹4 Lakh Per Kg In Delhi; Gold Hits Record ₹1.83 Lakh Per 10 Grams
Silver Crosses ₹4 Lakh Per Kg In Delhi; Gold Hits Record ₹1.83 Lakh Per 10 Grams
CII Backs Economic Survey’s Growth Outlook, Urges State To Adopt Entrepreneurial Role
CII Backs Economic Survey’s Growth Outlook, Urges State To Adopt Entrepreneurial Role
Dixon Technologies Q3 FY26 Profit Jumps 32% YoY To ₹108.6 Cr, Revenue Up 26% At ₹3,945 Cr
Dixon Technologies Q3 FY26 Profit Jumps 32% YoY To ₹108.6 Cr, Revenue Up 26% At ₹3,945 Cr