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Thursday, May 14, 2009

PowerGrid to raise up to Rs 3,000 cr

Power transmission company PowerGrid Corporation today said it will raise up to Rs 3,000 crore through issue of bonds by August this year.

"We would raise Rs 2,000 crore to Rs 3,000 crore through bonds by August," PowerGrid CMD S K Chaturvedi told reporters here.

The company had already raised Rs 2,000 crore by issuing bonds last month.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Apr 08
21:30 BoE's Lombardelli speech 2
22:30 3-Year Note Auction 1 3.784% 3.908%
23:30 Fed's Daly speech 2
23:30 Fed's Goolsbee speech 2
Wednesday, Apr 09
02:00 API Weekly Crude Oil Stock 1 -1.057M 6.037M
07:30 RBNZ Interest Rate Decision 3 3.50% 3.75%
07:30 RBNZ Monetary Policy Statement 3
15:00 FPC Statement 1
15:00 FPC Meeting Minutes 1
16:30 MBA Mortgage Applications 1 -1.6%
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