Power Grid Corporation India (PGCIL) plans to raise up to Rs.4,000 crore in its third round of fund raising through domestic bonds by September to meet its working capital expenditure.
´For this fiscal year, we have got the approval to raise Rs.14,000 crore through bonds. So far we have raised Rs.6,000 crore in two tranches in April and July this year. We may raise up to Rs.4,000 crore by September,´ a company official said. The company had planned a capex of Rs.1,10,000 crore for 12th Plan (2012-2017) out of which it has already deployed over Rs.93,820 crore by June 30, he said. PGCIL reported 33 per cent growth in standalone net profit at Rs.1,801.77 crore for the quarter ended June 30 compared to Rs.1,355.64 crore in the year-ago period.
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