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Maharatna PSU Power Grid’s board approves raising ₹3,800 crore via bonds. Check details

Power Grid Corporation plans to raise up to ₹3,800 crore through bond issuance, with a base issue of ₹1,000 crore. Bonds will be redeemable in 10 annual installments. The company reported a 6% drop in net profit for Q2 FY25, despite a 1.8% revenue increase.

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