This is despite cash collection delays amid Covid-19 pandemic, as favourable regulatory frameworks ensure stable operating profits, rating agency says
Presently, the govt owns 54.14% in NTPC, 54.96% in PowerGrid and 55.99% in PFC.
An assessment put GAIL liability at Rs 1.72 trillion and that of PowerGrid at Rs 21,000 crore
The economic slowdown and uncertain environment have led investors to put their faith in quality and size.
In addition to this, an interim dividend of Rs 1,629.62 crore (government's share) was earlier paid to the Ministry of Power for 2018-19, the company added
Adani, Sterlite, PowerGrid win key projects connecting renewable areas
The board also approved investment for 'Reliable Communication Scheme under Central Sector for Western Region' at an estimated cost of Rs 112.12 crore
The company said that the proposed borrowing for 2019-20 will be within overall borrowing limits of Rs 1.8 trillion
Focus being shifted to projects within states
This will improve power supplies to northern India
State-owned giant to invest Rs 1 lakh crore on infra to get ready for projected rise in demand
Interview with Chairman & Managing Director, Power Grid Corporation of India