POWERGRID to Raise ₹50 Billion Loan, Divest Stake in CTUIL

The company will develop a transmission project in Uganda

March 10, 2026

/ Rakesh Ranjan
/ Finance and M&A, Grid
thumbnail

Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights


Powergrid Corporation of India’s (POWERGRID) board has approved raising up to ₹50 billion (~$541.45 million) through an unsecured rupee term loan or line of credit from the Union Bank of India.

MERCOM Insider

Where clean energy's most influential leaders get their intelligence

Exclusive reporting, market intelligence, and insider access that shapes billion-dollar decisions in renewable energy and clean technology.

Already have an account? Sign In

Register for free

thumbnail

Rakesh Ranjan

More articles from Rakesh Ranjan.
Africa50BondsCTUILPOWERGRIDUnion Bank of India
PREVALL POSTSNEXT

RELATED POSTS

Get the most relevant India solar and clean energy news.

RECENT POSTS