MOU
POWERGRID Enters in Term Loan facility with SBI
New Delhi: Power Grid Corporation of India Limited, has entered into a Term Loan Facility Agreement for Rs. 10,000 Crore with State Bank of India, 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 Rs. 25000 Crore during the financial Year 2018-19.
Major transmission lines under execution by POWERGRID are HVDC Bipole link between Western Region and Southern Region (Raigarh-Pugalur 6000MW HVDC System), POWERGRID Southern Interconnector Transmission System, Green energy Corridor ISTS, POWERGRID Medinapur-Jeerat Transmission system and POWERGRID Varanasi Transmission System Limited.
Read Also : GAIL organized 'Kanthasth 2.0' Hindi workshop
News Must Read
- REC Ltd received NOC to set up wholly owned subsidiary in Gift City, Gujarat
- Atanu Chakraborty Reappointed as part-time Chairman of HDFC Bank
- MRPL Q4 Results: Net profit slips 40%, Annual Gains Strong
- DMRC Celebrates 30th Foundation Day at Bharat Mandapam
- Sushil Sharma assumes additional charge of CMD, and Director (Personnel) of SJVN Limited
- Coal India Limited Board recommends final dividend, here to know
- Dr. Subhransu Sekhar Acharya assumes charge of NSIC CMD
- CIL reports mixed bag of results for Q4 of FY23-24
- NMDC's Promising Start to FY25, Targets 50 Million Tonnes
- RITES to take assessment for Vande Bharat Trains