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Power Grid inks pact with SBI for Rs5,000 crore loan

State-owned Power Grid Corporation said on Monday that it has entered into an agreement with State Bank of India (SBI) for Rs5,000 crore term loan for meeting its capital expenditure.In a BSE filing it said the company has entered into a term loan facility agreement for Rs5000 crore with State Bank of India (SBI) on Sunday for meeting “capital expenditure for expansion/ renovation and setting up various undergoing and new transmission and other projects in the company and in identified SPVs/JVs (special purpose vehicles/joint ventures) of the Company”.Power Grid has planned a capital expenditure of Rs25,000 crore in the next fiscal. Its budgeted capital expenditure for the current fiscal is also Rs25,000 crore. The company is mainly into po.....

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