Powergrid has approved the issuance of unsecured, non-convertible, non-cumulative, redeemable, taxable bonds, under the LXXXIII (83rd) Issue 2025-26, via private placement. The issuance aims to raise up to ₹3,800 Crore. The decision was made by the ‘Committee of Directors for Bonds’ during a meeting held on November 17, 2025. The bonds will be listed on both BSE and NSE.
Bond Issuance Approval
The ‘Committee of Directors for Bonds’ at Powergrid has given the green light for raising funds through the issuance of bonds. These bonds will be unsecured, non-convertible, non-cumulative, redeemable, and taxable, under the LXXXIII (83rd) Issue 2025-26, and will be offered via private placement.
Issue Size and Listing
The bond issuance aims to raise a total amount of up to ₹3,800 Crore. This includes a base issue size of ₹1,000 Crore and a Green Shoe Option of ₹2,800 Crore. The bonds are proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Tenure and Redemption
The bonds are redeemable at par in 10 equal annual installments, with interest payments made on a yearly basis. The coupon/interest rate will be determined after bidding on the Electronic Book Provider (EBP) Platform.
Security and Special Rights
The bonds are unsecured. There are no special rights, interests, or privileges attached to the instrument.
Source: BSE
