POWER TRANSMISSION DEVELOPER Sterlite Grid 32 (SGL32) on Monday announced securing ₹2,450 crore through listed non-convertible debentures (NCDs) to refinance its Mumbai Urja Marg project, Raji George, director, corporate finance, Sterlite Power told FE.
The funds for refinancing were raised from the National Bank for Financing Infrastructure and Development (NABFID) and India Infrastructure Finance Company (IIFCL).
This is the first listed NCD issuance of the company after its joint venture with GIC of Singapore.
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