New Delhi: Power Grid Corporation of India Limited (POWERGRID) has approved a proposal to raise up to ₹4,000 crore through a loan facility from the State Bank of India (SBI), aiming to support its ongoing operations and infrastructure expansion in the power transmission sector.
The decision was taken during the company’s Board Meeting held on April 30, 2026.
Board Approves Unsecured Loan Facility from SBI
According to an official exchange filing, the Board of Directors of POWERGRID has approved raising funds through an unsecured rupee term loan or line of credit from SBI.
The total approved borrowing limit stands at ₹4,000 crore, marking a significant financial arrangement with India’s largest public sector bank.
Read also: Power Grid Under Strain as ₹1.48 Lakh Crore Renewable Projects Trigger Execution and Delay Concerns
Meeting Details and Regulatory Compliance
The board meeting commenced at 10:30 AM and concluded at 11:35 AM on April 30, 2026.
The company confirmed that the disclosure has been made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has been communicated to both:
- National Stock Exchange (NSE)
- BSE Limited
Purpose of Fund Raising
The newly approved bank facility will be utilized to support key business needs, including:
- Ongoing capital expenditure projects
- Expansion of power transmission infrastructure
- Operational funding requirements
This move aligns with POWERGRID’s strategy to strengthen India’s national power transmission network and meet growing electricity demand.
India’s Largest Power Transmission Utility
Under the Ministry of Power, POWERGRID is India’s largest electric power transmission utility. It plays a critical role in transmitting bulk electricity across states and ensuring stable grid operations throughout the country.
About Power Grid Corporation of India (POWERGRID)
Power Grid Corporation of India Limited is a leading public sector enterprise responsible for developing, operating, and maintaining India’s interstate transmission system. The company is a key pillar of the country’s energy infrastructure, ensuring efficient and reliable power transfer across regions while supporting India’s growing electricity needs through continuous expansion and modernization of the national grid.
Read also: Power Grid Approves ₹705.30 Crore Investment for Transformers and Reactors to Boost Grid Reliability
