Power Grid of India board okays raising borrowing limit to Rs 2.2 lakh crore

Power Grid Corporation's board has greenlit a significant increase in its borrowing limit to Rs 2.2 lakh crore, pending shareholder approval. Additionally, the company plans to secure $500 million in foreign currency funds via External Commercial Borrowings. An investment of Rs 772.65 crore has also been approved for upgrading a key transmission line, expected to be completed within 30 months.