Power Grid Corporation of India Limited’s (Powergrid) committee of directors for bonds has approved the issuance of unsecured, non-convertible, non-cumulative, redeemable, taxable bonds (LXXXII – 82nd Issue) for 2025–26 on a private placement basis.
The issue will have a base size of Rs 10 billion with a green shoe option of Rs 40 billion, aggregating up to Rs 50 billion. The bonds will be listed with a tenure of 10 years and redeemable at par at the end of the term. Interest will be paid annually, with the coupon rate to be determined via bidding on the electronic book provider platform. The bonds will be unsecured and will not carry any special rights, interests, or privileges.