Powergrid to raise Rs 60 billion via 10-year bonds
Author: PPD Team Date: April 7, 2025
Power Grid Corporation of India Limited (Powergrid) has received approval to raise up to Rs 60 billion through its 81st bond issue via private placement.
The decision was cleared by the company’s Committee of Directors for Bonds on April 4, 2025.
The bonds—named POWERGRID Bonds–LXXXI (81st Issue) 2025–26—will be unsecured, non-convertible, non-cumulative, redeemable, and taxable. The total issue includes a base size of Rs 15 billion and a green shoe option of Rs 45 billion, enabling the company to raise additional funds if investor demand is high.
These bonds will have a 10-year tenure and carry annual interest payments. The interest rate will be set through bidding on the electronic book provider platform.
The bond proceeds will support Powergrid’s ongoing and upcoming transmission projects.