The Power Grid Corporation of India, the nation’s largest electric power transmission utility, has announced its intention to raise up to Rs 12,000 crore through the issuance of bonds in the fiscal year 2024-25. The proposal, approved by the Board of Directors, entails issuing unsecured, non-convertible, non-cumulative, redeemable, and taxable bonds in one or more tranches/series. Power Grid Corporation plays a vital role in the bulk transmission of power across states, operating 86% of Inter-Regional networks in India.