Power Grid Board Approves ₹5,000 Crore Bond Issue

Power Grid Corporation of India approved a plan to raise up to ₹5,000 crore through the private placement of unsecured taxable bonds.

The issue comprises a base size of ₹1,000 crore and a green shoe option of ₹4,000 crore with a ten-year tenure.

The state-owned company reported a 0.9% year-on-year decline in consolidated net profit to ₹3,598 crore for the first quarter of FY27.