9 hrs ago
Power Grid Approves ₹5,000 Crore Bond Fundraising Plan
Power Grid wants to borrow up to ₹5,000 crore by selling bonds.
Bonds are a way for a company to borrow money from investors.
The planned bonds will last for 10 years.
Investors would receive interest, but the exact interest rate has not been decided yet.
The bonds will be sold privately and may be listed on BSE and NSE.
Power Grid approved the plan on September 18, 2026.
In its latest quarter, the company earned ₹3,598 crore in net profit.
Its operating performance improved because EBITDA increased, even though profit and revenue were below expectations.
Power Grid Corporation of India approved raising up to ₹5,000 crore through privately placed bonds.
The issue includes a ₹1,000 crore base size and a ₹4,000 crore green shoe option.
The unsecured, taxable bonds will have a 10-year tenure and are proposed to be listed on BSE and NSE.
The coupon rate and payment schedule will be determined after bidding on the Electronic Book Provider platform.
Power Grid’s Q1 FY27 net profit fell 0.9% year over year to ₹3,598 crore, while EBITDA rose 4.3% to ₹9,536 crore.
- Who
- Power Grid Corporation of India, a state-owned power transmission company.
- What
- The company approved a private placement of bonds worth up to ₹5,000 crore.
- Where
- The bonds are proposed to be listed on BSE and NSE, while Power Grid operates across India.
- When
- The fundraising plan was approved on September 18, 2026; the bonds would mature 10 years after allotment.
- Why
- To raise funds through another financing route; the articles do not specify a particular use for the proceeds.
Key facts
- Total issue size
- Up to ₹5,000 crore
- Base issue
- ₹1,000 crore
- Green shoe option
- ₹4,000 crore
- Bond tenure
- 10 years from the deemed date of allotment
- Redemption
- Annual payments begin at the end of the fourth year
- Coupon rate
- To be determined after bidding on the Electronic Book Provider platform
- Q1 FY27 net profit
- ₹3,598 crore, down 0.9% year over year
Sources
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