Power Grid plans ₹6,000 crore bond issue

New Delhi

Power Grid Corporation of India Ltd (POWERGRID) has announced plans to raise up to ₹6,000 crore through a new bond issue. This will be the company’s 81st bond offering and will be conducted through private placement.

In a statement to stock exchanges on Friday, POWERGRID said the “Committee of Directors for Bonds” approved the fundraise under its regular financing strategy. These bonds, titled POWERGRID Bonds-LXXXI (81st) Issue 2025–26, will be unsecured, non-convertible, non-cumulative, redeemable, and taxable.

The total issue size includes a base amount of ₹1,500 crore with a green shoe option of ₹4,500 crore. A green shoe option lets the company raise more money than originally planned if there is high demand from investors.

The bonds will have a 10-year tenure, with yearly interest payments. At the end of the term, the principal will be returned to investors. POWERGRID said this move is part of its regular fundraising efforts to support current and future infrastructure projects.

Being one of India’s largest power transmission companies, POWERGRID manages the flow of more than half of the country’s electricity. The bond issue is expected to draw attention from long-term investors seeking stable returns from a government-owned firm.

At the time this news was reported, POWERGRID’s shares were trading at ₹297 on the National Stock Exchange. The company said the bond funds will help strengthen its financial base while continuing to build and upgrade transmission networks across India.