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

28 Sep 2023 CW Team

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.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..