New Delhi: Power Grid Corporation of India Limited (PGCIL), a Maharatna Central Public Sector Enterprise under the Ministry of Power, has announced plans to raise up to Rs 6,000 crore through the issuance of unsecured, non-convertible, non-cumulative, redeemable, and taxable bonds under its 81st issue via private placement.
The move was approved by the Committee of Directors for Bonds in a meeting held on April 4, 2025. The bond issue comprises a base size of Rs 1,500 crore with a green shoe option to retain oversubscription of up to Rs 4,500 crore, taking the total issue size to Rs 6,000 crore.
The bonds are proposed to be listed on both BSE and NSE. These instruments will have a tenure of 10 years, with redemption at par on maturity and interest payments scheduled on an annual basis. The coupon rate will be finalized post the bidding process conducted on the Electronic Book Provider (EBP) platform.
The bonds will be unsecured in nature and will not carry any special rights, interests, or privileges. Additionally, the company confirmed that there have been no delays or defaults in payment obligations related to interest or principal on previous securities.
Power Grid, which plays a key role in the transmission of electricity across India, continues to leverage the bond market to support its capital expenditure plans and infrastructure growth, reaffirming investor confidence in its financial stability and operational strength.
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