PGCIL to seek shareholders’ nod to raise up to Rs 6,000 cr via bonds in 2023-24
On July 6, the PGCIL board had approved the proposal to raise Rs 6,000 crore in 2023-24, for financing of capital expenditure requirement, providing inter-corporate loans to wholly-owned subsidiaries and other purposes.An amount of Rs 8,500 crore is being considered as expected capital expenditure (CAPEX) during the fiscal year 2023-24, as per the notice of the AGM.
