Power Grid plans to raise Rs.14,000 crore

The funds will be used for capital expenditure of Power Grid, says report.

Power Grid reportedly said that its shareholders have approved a proposal to raise up to Rs.14,000 crore through issuance of bonds from domestic and external sources in 2016-17.

Report says that the company will raise the funds in up to eight tranches/offers.

The funds will be used for capital expenditure of Power Grid, says report.

The company has planned to raise up to Rs.12,000 crore through domestic bonds during the current fiscal year.