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

Avantel Q3 FY26 Net Profit Rises 28% YoY To ₹32.9 Cr, Revenue Grows 25% To ₹441 Crore
Avantel Q3 FY26 Net Profit Rises 28% YoY To ₹32.9 Cr, Revenue Grows 25% To ₹441 Crore
Pakistan Faces Deep Investment Crisis, High Costs & Policy Uncertainty Drive Investors Away
Pakistan Faces Deep Investment Crisis, High Costs & Policy Uncertainty Drive Investors Away
RBI Could Cut Interest Rates Further If India–US Trade Deal Is Delayed, Says Goldman Sachs
RBI Could Cut Interest Rates Further If India–US Trade Deal Is Delayed, Says Goldman Sachs
Rupee Falls To 92 Against Dollar, Imports & Foreign Spending Get Costlier While Exporters See Relief
Rupee Falls To 92 Against Dollar, Imports & Foreign Spending Get Costlier While Exporters See Relief
DCCDL Q3 Rental Income Jumps 18% To Rs 1,412 Crore, Strong Demand Boosts Office & Retail Assets
DCCDL Q3 Rental Income Jumps 18% To Rs 1,412 Crore, Strong Demand Boosts Office & Retail Assets