New Delhi: Power Grid Corporation of India Limited (POWERGRID), the state-owned electricity transmission company, has announced its plan to raise approximately Rs 5,000 crore through the issuance of bonds. This move aims to bolster the company’s financial resources for ongoing and future infrastructure projects.
Committee of Directors Approves Bond Issuance
The decision was taken during a meeting of the ‘Committee of Directors for Bonds’ held on August 5, 2025. The committee approved the issuance of Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable POWERGRID Bonds – LXXXII (82nd) Issue 2025-26 via private placement.
The bond issuance carries a base issue size of Rs 1,000 crore, with an additional Green Shoe option allowing for a further Rs 4,000 crore, bringing the total potential size to Rs 5,000 crore.
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Key Features of the Bond Issue
Tenure: The bonds will mature at par value after 10 years.
Interest Payments: Coupon payments will be made on a yearly basis.
Interest Rate: The exact coupon rate will be determined through a bidding process on the Electronic Book Provider (EBP) platform.
Type: The bonds are unsecured, non-convertible, non-cumulative, and taxable.
Strategic Financial Move for Power Grid
This bond issuance reflects POWERGRID’s ongoing strategy to secure capital in an efficient manner while maintaining financial prudence. The funds raised will likely support the company’s expansion plans, modernization projects, and operational needs across India’s power transmission network.
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About PowerGrid
Power Grid Corporation of India Limited (POWERGRID) is a Maharatna Public Sector Enterprise under the Ministry of Power, Government of India. It is primarily involved in the transmission of bulk power across different states in India. POWERGRID is the country’s largest Electric Power Transmission Utility and is responsible for planning, coordination, supervision, and control over the complete Inter-State.
