New Delhi: Powergrid Corporation of India Limited has announced its latest financial move as the ‘Committee of Directors for Bonds’ gives the green light for issuing Bonds. These Bonds, named Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable POWERGRID Bonds – LXXXII (82nd) Issue 2025-26, will be offered on a Private Placement basis.
Key Details of the Bond Issue:
- Base Issue Size: Rs. 1,000 Crore
- Green Shoe Option: Rs. 4,000 Crore
- Total Issue Size: Rs. 5,000 Crore
The tenure of the instrument will be from the date of allotment until maturity. The Bonds will be redeemable at par at the end of the 10th year, with interest payments made on a yearly basis.
This move by Powergrid Corporation of India Limited marks a significant financial decision aimed at raising substantial capital through Bonds to support its future endeavors.
