Power Grid plans Rs80.4 bn capex in FY09

Power Grid plans Rs80.4 bn capex in FY09
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First Published: Thu, Apr 17 2008. 02 07 PM IST
Updated: Thu, Apr 17 2008. 02 07 PM IST
Reuters
New Delhi: State-run Power Grid Corp of India Ltd plans a capital expenditure of Rs80.4 billion in the year to March 2009, said J. Sridharan, its director of finance, on 17 April.
“Of this, 30% will be met through internal resources and the remaining will partly be funded by Asian Development Bank (ADB) and World Bank and bonds,” he told Reuters.
He said the firm plans to issue bonds in the second quarter of this fiscal to raise money from the local market. “In the first quarter we are comfortable. In July-August we may issue bonds,” he added.
In 2007, the company invested Rs66.15 billion on various projects.
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First Published: Thu, Apr 17 2008. 02 07 PM IST