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The company will consider borrowing of funds of upto Rs16,000 crore during the financial year (FY) 2025-26 through various sources including domestic bonds (secured/ unsecured, nonconvertible, non-cumulative, redeemable, taxable/tax-free under private placement).
Further, the board will mull to enhance the current borrowing limits from existing Rs 12,000 crore to Rs 15,000 crore during the financial year 2024-25 through issue of secured / unsecured, nonconvertible, non-cumulative, redeemable, taxable / tax-free bonds under private placement from domestic / other sources.
Power Grid Corporation of India has been established by the Government of India (GoI) as the central transmission utility of India. The firm is a ‘Maharatna’ company under Ministry of Power, GoI. As of 31 March 2024, the Government of India owned a 51.34% stake in the company.
The company’s consolidated net profit declined 3.62% to Rs 4,166.33 crore on 2.5% fall in revenue from operations to Rs 11,978.11 crore in Q4 FY24 over Q4 FY23.
The scrip rose 1.21% to end at Rs 339.40 on Friday, 5 July 2024.
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