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7 hours ago

Powergrid Approves ₹4,000 Crore SBI Loan Facility

Power Grid Corporation of India Limited has approved raising up to ₹4,000 crore through an unsecured rupee term loan or line of credit from State Bank of India. The decision, cleared by its board, aims to strengthen the company’s financial position and support future operations. As India’s largest power transmission utility under the Ministry of Power, this funding will enhance liquidity and enable continued investment in transmission infrastructure development.

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