Power Grid Corporation of India Limited (POWERGRID) has approved the raising of up to Rs 38 billion through the issuance of unsecured, non-convertible, non-cumulative, redeemable, taxable POWERGRID Bonds – LXXXIII (83rd Issue) for 2025–26 via private placement.
The bond issue comprises a base size of Rs 10 billion with a green shoe option of Rs 28 billion. The tenure involves repayment in 10 equal annual instalments, with interest paid annually. The coupon rate will be determined via the electronic book provider platform at the time of bidding.