Mumbai: The Board of Directors of Power Grid Corporation of India Limited (POWERGRID) has approved raising funds of up to ₹10,000 crore through an Unsecured Rupee Term Loan/Line of Credit from State Bank of India (SBI).
The decision was taken at the meeting of the POWERGRID Board held on September 26, 2026, as part of the company’s financing arrangements.
POWERGRID Approves ₹10,000 Crore Funding Facility
Under the approved arrangement, POWERGRID will raise funds through an unsecured rupee-denominated term loan or line of credit from SBI.
Key details of the approval include:
- Company: Power Grid Corporation of India Limited (POWERGRID)
- Lender: State Bank of India (SBI)
- Funding limit: Up to ₹10,000 crore
- Facility: Unsecured Rupee Term Loan / Line of Credit
- Approval date: September 26, 2026
- Regulatory filing: Regulation 30 of SEBI LODR Regulations, 2015
The facility will provide POWERGRID with an additional financing avenue to support its funding requirements.
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Board Approval Disclosed Under SEBI Regulations
POWERGRID disclosed the board’s decision to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The regulatory disclosure was authenticated by Anjana Luthra, Company Secretary and Compliance Officer of POWERGRID.
The disclosure formally communicates the Board’s approval of the proposed borrowing arrangement with SBI.
SBI to Provide Unsecured Rupee Funding Facility
The approved arrangement with SBI involves an unsecured rupee term loan or line of credit with a maximum limit of ₹10,000 crore.
Unlike a secured borrowing facility, the proposed loan is described as unsecured, meaning the funding does not involve the creation of security over specific company assets as collateral under the facility.
POWERGRID Strengthens Financing Options
The approval adds another funding channel for POWERGRID as the company continues to undertake investments in India’s power transmission infrastructure.
The company operates the country’s inter-state power transmission network and undertakes projects involving transmission systems, grid expansion and related infrastructure.
About POWERGRID
Power Grid Corporation of India Limited (POWERGRID) is a Maharatna Central Public Sector Enterprise under the Ministry of Power. The company is India’s major power transmission utility and is engaged in planning, implementing, operating and maintaining high-voltage electricity transmission infrastructure across the country.
About SBI
State Bank of India (SBI) is India’s largest public sector bank and one of the country’s most trusted financial institutions. Headquartered in Mumbai, SBI provides a wide range of banking and financial services, including retail banking, corporate banking, digital banking, investment services, and international banking operations.
Read also: POWERGRID Appoints Dharambir Kumar as Head of North Eastern Region Transmission System
