The Cabinet Committee on Economic Affairs on Thursday approved the follow on public offer of power Grid Corporation of India Ltd., PGCIL for 84 crore 17 lakh 68 thousand two hundred and forty six equity shares of ten rupee each. The additional resources generated through the issue an SPO will be utilised by PGCIL in its investment programmes. For this, the company is required to approach the capital market for funding its investment programmes commencing from financial year 2010 -11.