Power Grid Corporation of India Limited has announced that its Committee of Directors for Bonds approved the raising of funds through the issuance of ‘Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable POWERGRID Bonds – LXXXIV (84th) Issue 2026-27’ amounting up to ₹5,000 Crore on a private placement basis. The base issue size is ₹1,000 Crore with a green shoe option of ₹4,000 Crore. These instruments carry a tenure of 10 years from the deemed date of allotment with annual redemption payments starting from the end of the 4th year, and are proposed to be listed on both BSE and NSE.

The approved bond issuance comprises a base size of ₹1,000 Crore alongside a green shoe option of ₹4,000 Crore, summing up to a total issue size of ₹5,000 Crore. The coupon or interest rate will be determined subsequent to bidding on the Electronic Book Provider (EBP) Platform. The company confirmed that the instruments are unsecured and carry no special rights or privileges. Furthermore, the company reported no defaults or delays in payment of interest or principal for a period exceeding three months.

Power Grid Corporation of India Limited is a central public sector enterprise under the Ministry of Power, Government of India, engaged in the business of power transmission. Recognized as one of the largest power transmission utilities globally, the company operates an extensive network of transmission lines and sub-stations, alongside diversifying into consultancy and telecom services through its subsidiary PowerTel. In recent 2025 and 2026 developments, the company secured major inter-state transmission projects under Tariff-Based Competitive Bidding, such as winning a transmission project to evacuate renewable energy from Rajasthan REZ Phase-IV with quoted annual transmission charges of ₹3,244.33 Crore, and acquiring transmission systems to support India’s massive energy transition.

For the quarter ending June 30, 2026 (Q1FY27), the company posted a consolidated Profit After Tax (PAT) of ₹3,598 Crore and a total income of ₹11,697 Crore. The company maintains strong institutional backing as a premier public sector undertaking (PSU) with significant shareholding by the Government of India and participation from prominent domestic and international mutual funds, financial institutions, and foreign portfolio investors.