PowerGrid plans ₹3,800 crore bond issue via private placement

PowerGrid announced on November 17, 2025, that its Committee of Directors for Bonds has approved the issuance of Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable POWERGRID Bonds - LXXXIII (83rd) Issue 2025-26. The company aims to raise up to INR 3,800 crore through a private placement. The issue comprises a base size of INR 1,000 crore, with a green shoe option of INR 2,800 crore.

These bonds will be redeemable at par in 10 equal annual installments, with interest paid on a yearly basis. The coupon/interest rate and payment schedule will be determined after bidding on the Electronic Book Provider (EBP) Platform. The bonds are proposed to be listed on both the BSE and NSE.

The company confirmed that the issue is unsecured and does not involve any special rights or privileges attached to the instrument.