Archive · 17 Nov 2025
Power Grid Corp Approves ₹3,800 Cr Bond Issue
Power Grid Corporation, a big company that manages power lines, wants to borrow up to ₹3,800 crore by selling special promises called bonds.
These bonds will be sold to specific people and can be bought and sold on the stock market.
The company will pay back the money over ten years, and the exact interest rate will be decided later.
Recently, the company made a little less profit than last year.
Power Grid Corporation's board approved raising up to ₹3,800 crore through bond issuance.
The bonds will be issued on a private placement basis with a base size of ₹1,000 crore and a green shoe option of ₹2,800 crore.
The bonds will be listed on the BSE and NSE and are redeemable in 10 equal annual installments.
The interest rate for the bonds will be determined through bidding on the Electronic Book Provider (EBP) platform.
The company reported a 6% year-on-year drop in net profit for the September quarter.
- Who
- Power Grid Corporation
- What
- Approved bond issuance to raise funds
- When
- November 17
- Where
- Announced via exchange filing, bonds to be listed on BSE and NSE
- Why
- To raise funds for the company
- Company
- Power Grid Corporation
- Approval Date
- November 17
- Amount to be Raised
- Up to ₹3,800 crore
- Method of Raising Funds
- Issuance of bonds on private placement basis
- Base Issue Size
- ₹1,000 crore
- Green Shoe Option
- ₹2,800 crore
- Bond Listing
- BSE and NSE
- Bond Redemption
- Redeemable at par in 10 equal annual installments