CBI books Tata Projects, arrests 5 company executives in bribery probe

Executive director of Power Grid also held for 'granting favours' in NE projects
07-07-2022
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POWER GRID CORPORATION OF INDIA LTD. - 532898 - Proposals Approved By POWERGRID''s Board/ Committee Thereof.

Proposals approved by POWERGRID''s Board/ Committee thereof.
07-07-2022

Power Grid board approves proposals to raise up to Rs 11,000 crore

The board of state-owned Power Grid Corporation of India Ltd (PGCIL) on Wednesday approved two proposals to raise up to Rs 11,000 crore through the issuance of bonds and term loans. The proposals to raise Rs 11,000 crore have been approved in a meeting of the board of directors on Wednesday, July 6, 2022, a BSE filing said. As per the filing, the board approved a proposal to raise funds up to Rs 6,000 crore from the domestic market through the issue of secured/unsecured, non-convertible, non-cumulative/cumulative, redeemable, taxable/tax-free debentures/bonds under private placement during the financial year 2023-24 in up to twenty tranches/offers. The board also approved another proposal for sanction of a rupee term loan of up to Rs 5,000 crore from commercial banks to meet capital expenditure requirements.
06-07-2022
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POWER GRID CORPORATION OF INDIA LTD. - 532898 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Submission of Disclosure as per Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018
06-07-2022
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POWER GRID CORPORATION OF INDIA LTD. - 532898 - Board Meeting Intimation for Board Meeting Of POWERGRID

POWER GRID CORPORATION OF INDIA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/07/2022 ,inter alia, to consider and approve Board Meeting of POWERGRID
30-06-2022

BofA Securities upgrades Power Grid to a buy

Valuation at 1.7 times on two-year forward book value are not overly expensive after about 15% correction from the top, the brokerage said. Bank of America Securities said transmission capex in India has peaked which could result in diminishing earnings growth for Power Grid.
25-06-2022
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