Power Grid to Raise ₹5,000 Cr via Bonds

Power Grid Corporation of India Ltd announced its 'Committee of Directors for Bonds' has approved the raising of funds up to Rs. 5,000 Crore through the issuance of 'Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable POWERGRID Bonds - LXXXIV (84th) Issue 2026-27' on Private Placement. The bonds will have a tenure of 10 years from the Deemed Date of Allotment, with annual redemption payments starting from the end of the 4th year. The base issue size is Rs. 1,000 Crore with a Green Shoe Option of Rs. 4,000 Crore. The bonds are proposed to be listed on BSE and NSE. The coupon/interest rate will be decided after bidding on the Electronic Book Provider (EBP) Platform.