Power News We love to talk!
State-owned Power Grid Corporation said on Monday that it has entered into an agreement with State Bank of India (SBI) for Rs5,000 crore term loan for meeting its capital expenditure.
In a BSE filing it said the company has entered into a term loan facility agreement for Rs5000 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 Rs25,000 crore in the next fiscal. Its budgeted capital expenditure for the current fiscal is also Rs25,000 crore. The company is mainly into power transmission and is a central transmission utility of the country.
- India offers to help develop Tanzanias natural gas sector Read more
- PowerGrid inks pact with SBI for Rs 5,000 crore loan Read more
- Frequent power disruptions irk residents Read more
- Green building code for Hyderabad Read more
- Centre, states to implement direct benefit transfer scheme in power sector Read more
- BRR Renewable Energy selected as consultant for 27 Megawatt solar power systems in Nagpur Read more
- Tamil Nadu fails to cash in on solar power tariff crash Read more
- GVK expects a return to profit Read more
- RERC rejects RRVUNLs review petition Read more
- Government thrust on renewables cooling, say solar stakeholders Read more