PowerGrid's ?22.5 Billion Bond Issue to Fuel Grid Expansion
POWER & RENEWABLE ENERGY

PowerGrid's ?22.5 Billion Bond Issue to Fuel Grid Expansion

PowerGrid Corporation of India has unveiled a significant ?22.5 billion bond issue aimed at strengthening and expanding the country's power transmission infrastructure.

This move is part of the government's ongoing efforts to enhance the reliability and efficiency of the power grid to meet the growing energy demands of the nation.

The funds raised through this bond issue will be allocated to various projects across India, including the development of new transmission lines, substations, and grid modernization initiatives. PowerGrid, a vital player in the Indian energy sector, plays a crucial role in the transmission of electricity from power generation sources to distribution networks.

The bond issue is expected to attract investors seeking stable returns in the energy sector, as PowerGrid has a track record of steady revenue generation. Furthermore, the corporation has earned a reputation for its commitment to sustainability and environmental responsibility.

This strategic move by PowerGrid aligns with India's ambitious plans for renewable energy expansion and electrification of rural areas. It signals the corporation's commitment to facilitating a reliable and robust power infrastructure that can support the nation's economic growth and improve the quality of life for its citizens.

PowerGrid Corporation of India has unveiled a significant ?22.5 billion bond issue aimed at strengthening and expanding the country's power transmission infrastructure. This move is part of the government's ongoing efforts to enhance the reliability and efficiency of the power grid to meet the growing energy demands of the nation. The funds raised through this bond issue will be allocated to various projects across India, including the development of new transmission lines, substations, and grid modernization initiatives. PowerGrid, a vital player in the Indian energy sector, plays a crucial role in the transmission of electricity from power generation sources to distribution networks. The bond issue is expected to attract investors seeking stable returns in the energy sector, as PowerGrid has a track record of steady revenue generation. Furthermore, the corporation has earned a reputation for its commitment to sustainability and environmental responsibility. This strategic move by PowerGrid aligns with India's ambitious plans for renewable energy expansion and electrification of rural areas. It signals the corporation's commitment to facilitating a reliable and robust power infrastructure that can support the nation's economic growth and improve the quality of life for its citizens.

Next Story
Infrastructure Urban

Canal Water Boost for Mudki

In a significant push for public health and urban development, MLA Rajneesh Dahiya has announced a Rs.280 million canal water supply project for Mudki town in the Ferozepur Rural constituency. The initiative aims to provide clean drinking water to every household within Mudki’s municipal limits. Speaking about the development, Dahiya said the project falls under the Centre’s AMRUT (Atal Mission for Rejuvenation and Urban Transformation) scheme and is being carried out with the support of Punjab Chief Minister Bhagwant Singh Mann and Local Government Minister Dr. Inderbir Nijjar. “This ..

Next Story
Infrastructure Transport

6 Tunnel Boring Machines Idle in Chennai

Six tunnel boring machines (TBMs) deployed by the Chennai Metro Rail Limited (CMRL) are currently lying idle beneath city roads, stuck in limbo due to delayed construction of underground stations at Moolakadai, Perambur, and Mandaveli. The TBMs, launched as part of Corridor 3 of the Phase II Metro project from Madhavaram to SIPCOT, have reached their designated stations but are unable to proceed as the station boxes are incomplete. Without a completed diaphragm wall or station box, the machines cannot break through or be dismantled for reuse. According to CMRL officials, the root of the dela..

Next Story
Infrastructure Transport

Mumbai Metro 3 Nears Launch

The Mumbai Metro Rail Corporation shared a sneak peek of the newly completed Acharya Atre Chowk station on Metro Line 3 (Aqua Line) this Sunday, drawing both praise and impatience from the public. Located on the 9.77 km stretch between Bandra Kurla Complex (BKC) and Worli, the underground station is part of a long-anticipated corridor that promises to ease traffic and boost east-west connectivity. The social media update, posted by the handle @MumbaiMetro3, featured images of the station’s sleek new interiors. But the post quickly sparked a flurry of comments, with several users demanding c..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?