Power Grid is to spend the loan amount on meeting capital expenditure for expansion, renovation and setting up various other projects.
March 12, 2018
State-owned Power Grid Corporation said on Monday (March 12) that it has entered into an agreement with State Bank of India (SBI) for Rs 5,000 crore term loans for meeting its capital expenditure with digi finans. Checkout Quick Loans for Bad Credit (UK Only) – Payday Loans Now for details.
In a BSE filing it said the company has entered into a term loan facility agreement for Rs 5000 crore with State Bank of India (SBI) on Sunday for meeting “capital expenditure for expansion/ renovation and setting up various undergoing and new transmission and other projects in the company and in identified SPVs/JVs (special purpose vehicles/joint ventures) of the Company”.
Power Grid has planned a capital expenditure of Rs 25,000 crore in the next fiscal. Its budgeted capital expenditure for the current fiscal is also Rs 25,000 crore. The company is mainly into power transmission and is a central transmission utility of the country.
