Powergrid to raise Rs 30 billion via masala bonds by March 2018

Power Grid Corporation of India Limited is planning to raise Rs 30 billion through masala bonds by end-March 2018. The company has already approached the Reserve bank of India to seek approval for the same. The company has a capex target of Rs 250 billion for 2017-18. It has already raised Rs 61 billion through bonds and needs to raise another 180 billion through debt.