Powergrid directors approves proposal to raise bonds worth ₹6,000 crore

Power Grid Corporation of India Ltd (Powergrid) on Friday said the company’s Committee of Directors for Bonds has approved a proposal to raise bonds worth ₹6,000 crore in the current financial year.

As per the approval, the bond size will be ₹1,500 crore with a green shoe option of ₹4,500 crore, Powergrid said in an exchange filing.

The bonds will be redeemable at par after 10 years, and interest will be paid annually, it said.

“The committee has approved the raising of bonds as unsecured, non-convertible, non-cumulative, redeemable, taxable powergrid bonds-LXXXI (81st) Issue 2025-26 (for an amount up to ₹6,000 crore) on private placement,” the company said.

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Published on April 4, 2025