PowerGrid to raise INR 60bn via bond issue

POWERGRID CORPORATION OF INDIA announced that its 'Committee of Directors for Bonds' has approved raising funds through the issuance of POWERGRID Bonds-LXXXI (81st) Issue 2025-26. The bonds, which are unsecured, non-convertible, non-cumulative, and redeemable, target an amount of up to INR 60 billion. The issue includes a base size of INR 15 billion and a Green Shoe Option of INR 45 billion. Listed on both BSE and NSE, the bonds will mature in 10 years, with yearly interest payments. The coupon/interest rate will be determined after bidding on the Electronic Book Provider (EBP) platform.