Power Grid Corporation secures 80 billion yen loan from JBIC for Khavda-Nagpur HVDC project

Power Grid Corporation of India has secured a loan of 80 billion yen (JPY) from Japan Bank for International Cooperation (JBIC) to fund its Khavda-Nagpur HVDC transmission project. The loan agreement was signed on June 17, and the facility supports the company's strategic collaboration with JBIC to develop critical infrastructure for renewable energy integration. Shares of the PSU were trading marginally higher at around Rs 285.70 apiece on the BSE at the time of reporting.