News Detail

News:

State-run transmission utility Power Grid Corporation (PGCIL) is likely to soon raise another INR 3,000 crore under a second round of its fundraising plan through domestic bonds to meet working capital expenditure.
Source: NDTV Profit

SNP Insight:

Fundraising plan through domestic bonds by PGCIL for upgradation and expansion of network is likely to improve the share value of the company as it is expected to witness the increase in transaction of electricity (Kwh). However, funding for working capital may trigger the down round financing in this uncertain market which may dilute the existing investors and stock holders.
Source: SNP Infra Research