Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
15 December, 2018 00:50 IST
Power Grid Corp receives approval to raise up to Rs 50 bn
Source: IRIS | 15 May, 2017, 10.43AM
Comments  |  Post Comment

Power Grid Corporation of India has received its board's approval to launch USD 1 billion medium term note (MTN) programme to mobilise funds from international markets, and issue of rupee denominated Masala bond to raise up to Rs 50 billion.

The board of directors of the company in its meeting held on May 11, 2017 also approved an investment of Rs 1.86 billion for a transmission system to evacuate power from NLC power plant of 1,000 MW at Neyveli in Tamil Nadu.

The board also approved an investment of Rs 1.75 billion for setting up transmission network for Ultra Mega Solar Park (700 MW) at Banaskantha in Gujarat.

Shares of the company gained Rs 1.9, or 0.92%, to trade at  Rs 208.05.  The total volume of shares traded  was  46,908 at the BSE (10.33 a.m., Monday).



Power Grid Corporation Of India Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
Suzlon secures 50.4 MW order from Atria Power - 13-Dec-2018 13:11
Vikas Wsp wins orders worth Rs 2.06 bn - 13-Dec-2018 12:18
Strides Pharma receives USFDA approval for Lidocaine ointment - 13-Dec-2018 10:00
Tata Power eevamps customer portal - 13-Dec-2018 09:31
NBCC wins order worth Rs 1.72 bn from Govt of India - 13-Dec-2018 09:26
Ashok Leyland signs defence agreement with ELBIT Systems - 12-Dec-2018 09:41
Wipro launches automotive innovation center in Michigan - 12-Dec-2018 09:37
Liva Pharma gets USFDA approval for Ranitidine injection - 12-Dec-2018 09:35
Dr Reddy's Labs launches Omeprazole tablets in US market - 12-Dec-2018 09:31
Strides Vivimed JV receives consent for Albendazole tablets - 12-Dec-2018 09:27
Unichem Lab gets tentative nod for Tadalafil tablets - 12-Dec-2018 09:25
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer