New Delhi: 30,Sept.2026:POWERGRID Board Approves New Fundraising Initiative. During a meeting on September 26, 2026, the Board of Directors of POWERGRID sanctioned a plan to secure funds via an unsecured rupee term loan or by establishing a line of credit.
State Bank of India has agreed to provide a banking facility that could reach up to ₹10,000 crore.
The approval gives POWERGRID access to a rupee-denominated borrowing route through a bank facility, as stated in the company’s disclosure.
The development is relevant for investors, shareholders and market participants tracking large financing decisions by state-owned companies, particularly in the power infrastructure and banking sectors.
According to the source disclosure, the decision was taken by POWERGRID’s Board of Directors at its meeting held on Saturday, 26 September 2026. The facility approved is an unsecured rupee term loan or line of credit of up to ₹10,000 crore from State Bank of India.
