Power Grid Plans Rs 5,000 Cr Bond

25 Oct 2024 CW Team

The Power Grid Corporation of India has received approval from its board to raise up to Rs 5,000 crore through the issuance of bonds. This strategic move aims to support its ongoing investments in India's power transmission infrastructure and meet its financial requirements for upcoming projects. The bond issuance will serve as a key component in Power Grid's financial management strategy, allowing the company to secure capital at competitive rates to fund its transmission network expansion.

The decision aligns with India’s growing energy demand and the need for a reliable and efficient power transmission network. Power Grid, being one of the major players in the country’s power sector, is tasked with maintaining and expanding the national grid, ensuring that electricity is efficiently transmitted across the country.

By tapping into the bond market, Power Grid aims to attract institutional investors and strengthen its financial reserves for large-scale infrastructure development projects. This comes as part of a broader effort to enhance the energy infrastructure in India, ensuring the reliability and stability of electricity supply to meet the nation’s future energy needs.

The Rs 5,000 crore bond issuance is expected to boost Power Grid’s ability to invest in new technologies, expand the grid’s capacity, and support its ambitious capital expenditure plans.

Infrastructure Transport

09 Jan 2026

India Becomes First to Produce Bio-Bitumen for Roads

India has become the first country in the world to commercially produce bio-bitumen for use in road construction, according to Road, Transport and Highways Minister Nitin Gadkari. Bitumen, a black and viscous hydrocarbon derived from crude oil, is a key binding material in road building, and the bio-based alternative is expected to significantly improve the sector’s environmental footprint.Addressing the CSIR Technology Transfer Ceremony in New Delhi, Mr Gadkari congratulated Council of Scientific and Industrial Research on achieving the milestone, noting that the initiative would help curb ..

HILT Policy Seen Boosting Telangana Revenue Sharply

The Hyderabad Industrial Land Transformation (HILT) Policy is expected to generate around Rs 1.08 billion in revenue for the Telangana state exchequer, according to Deputy Chief Minister Bhatti Vikramarka Mallu. Speaking in the Telangana Legislative Assembly, he said the policy would be implemented within a six-month timeframe in a transparent manner, with uniform rules applicable to all stakeholders. Mr Vikramarka noted that without the HILT Policy, the state would have earned only about Rs 1.2 million per acre. Under the new framework, however, revenue is projected to rise sharply to Rs 70 ..

India Post, MoRD Tie Up to Boost Rural Inclusion

The Department of Posts and the Ministry of Rural Development have signed a Memorandum of Understanding to accelerate rural transformation and expand financial, digital and logistics services for Self-Help Groups (SHGs) and rural households across India. The agreement was signed in the presence of Union Minister of Communications and Development of North Eastern Region Jyotiraditya M. Scindia and Union Minister of Rural Development and Agriculture and Farmers’ Welfare Shivraj Singh Chouhan. The collaboration aligns with the government’s “Dak Sewa, Jan Sewa” vision and seeks to repositi..