News Details

( 08/12/2017 16:56)
POWERGRID inks $100mn loan pact with AIIB

Power Grid Corporation of India, a state-owned electric utilities company, on Friday said it has signed a loan agreement with Asian Infrastructure Investment Bank (AIIB).

“POWERGRID has entered into a loan agreement with Asian Infrastructure Investment Bank (AIIB) for an amount of USD 100 million for funding of “HVDC Bipole link between Western Region (Raigarh, Chhattisgarh) and Southern Region (Pugalur, Tamil Nadu) –North Trichur (Kerala) scheme-2 AC system strengthening at Pugalur end,” the company said in a filing to the Bombay Stock Exchange.

Meanwhile, shares of company closed day’s trade at Rs 202.90 apiece, up 0.27 per cent, on the BSE on Friday.

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