Nature of the Event
Power Grid Corporation of India Limited (PowerGrid) has made a regulatory disclosure under SEBI LODR Regulation 30 regarding the approval of a bond issuance for fundraising purposes.
Key Quantitative Figures
- Total Issue Size: Up to ₹5,000 Crore
- Base Issue Size: ₹1,000 Crore
- Green Shoe Option: ₹4,000 Crore
- Tenure: 10 years from the Deemed Date of Allotment
Dates of Action
- Committee Meeting Date: 18th September, 2026
- Meeting Commencement: 11:15 A.M.
- Meeting Conclusion: 11:30 A.M.
- Disclosure Date: 18th September, 2026
Parties Involved
- Issuing Entity: Power Grid Corporation of India Limited
- Regulatory Authorities: National Stock Exchange of India Limited (NSE), BSE Limited
- Committee: Committee of Directors for Bonds
Instrument Details
- Instrument Type: Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable POWERGRID Bonds
- Series: LXXXIV (84th) Issue 2026-27
- Placement Method: Private Placement
- Security: Unsecured (no charge/security over assets)
- Special Rights: None attached to the instrument
Redemption Schedule
Annual redemption payments will commence starting from the end of the 4th year after allotment.
Coupon/Interest Details
The coupon rate will be determined after bidding at the Electronic Book Provider (EBP) Platform. The schedule of payment of coupon/interest and principal will be finalized accordingly.
Listing Details
The bonds are proposed to be listed on both BSE and NSE.