POWERGRID Approves ₹5,000 Crore Bond Fundraise

Power Grid Corporation of India Ltd. has approved a proposal to raise up to ₹5,000 crore through the issuance of POWERGRID Bonds – LXXXIV (84th Issue 2026-27) on a private placement basis. The proposed issue comprises a base size of ₹1,000 crore along with a green shoe option of ₹4,000 crore, taking the total potential issue size to ₹5,000 crore. The bonds will be unsecured, non-convertible, non-cumulative, redeemable and taxable. The proposed securities are planned to be listed on both BSE and NSE. 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 fourth year. The coupon rate and other interest-related terms will be determined through the bidding process on the Electronic Book Provider (EBP) platform. The fundraise is subject to the completion of the applicable issuance process and is part of POWERGRID's ongoing funding activities.