Board Meeting26 Jun 2026, 03:28 pm
Power Grid Board Approves Borrowing Limit Hike to ₹2.2 Lakh Cr
AI Summary
Power Grid Corporation of India Ltd's Board of Directors, in a meeting held on June 26, 2026, approved a proposal to enhance borrowing limits from ₹1,80,000 Crore to ₹2,20,000 Crore, subject to shareholder approval at the upcoming AGM. The company also received approval to raise up to USD 500 million via External Commercial Borrowings from Bank of Baroda. Additionally, an investment of ₹772.65 Crore was approved for upgrading a 400kV S/c line to a 400kV (quad) D/c line, with implementation expected within 30 months.
Key Highlights
- Borrowing limits proposed to increase from ₹1.8 Lakh Cr to ₹2.2 Lakh Cr.
- Plan to raise USD 500 million through External Commercial Borrowings.
- Investment of ₹772.65 Crore approved for line upgradation project.
- Shareholder approval required for the borrowing limit enhancement.
Price Impact
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