Power Grid Electrifies Markets with Massive ₹60 Billion Bond Approval

The Power Grid Corporation of India Ltd (POWERGRID), which is a state-owned transmission company, has revealed that its 81st issue of bonds in the financial year 2025-26 was approved. It aims to mobilize up to ₹60 billion by issuing unsecured, non-convertible, non-cumulative, redeemable, and taxable bonds on a private placement basis. The action will be used for funding its infrastructure development and operations expansion.

 

Bond Information:

Purpose:

The proceeds will be used to finance POWERGRID's existing infrastructure projects and operational growth.

 

Listing:

The bonds will be listed on prominent stock exchanges such as BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).

 

Approval Context

This issue of bonds is a part of POWERGRID's overall plan to finance its aggressive growth plans in India's transmission sector.

 

Track Record:

POWERGRID has strictly fulfilled its financial commitments without delay or default in interest or principal repayments on past debt securities.

 

This announcement reinforces POWERGRID's focus on developing India's power transmission network while practicing financial prudence and transparency.

 

Sources: Mercom Communications, Business Standard, PowerGrid