Board Meeting22 Jul 2026, 11:20 pm
Power Grid Board Approves Borrowing Limit Hike to ₹35,000 Cr
AI Summary
Power Grid Corporation of India Ltd's Board of Directors, in a meeting held on July 22, 2026, approved proposals to enhance the borrowing limit for FY 2026-27 from ₹30,000 Crore to ₹35,000 Crore. The board also approved borrowing up to ₹35,000 Crore for FY 2027-28. Additionally, M/s. R. M. Bansal & Co. and M/s. Chandra Wadhwa & Co. were appointed as joint Cost Auditors for FY 2026-27. These borrowing proposals are subject to shareholder approval at the upcoming Annual General Meeting.
Key Highlights
- Board approved enhancing borrowing limit to ₹35,000 Cr for FY 2026-27.
- Approved borrowing up to ₹35,000 Cr for FY 2027-28.
- Appointed joint Cost Auditors for FY 2026-27.
- Borrowing proposals require shareholder approval.
- Meeting held on July 22, 2026.
Price Impact
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