Power Grid Corporation of India’s board has approved for raising funds up to Rs 30,000 crore from various sources including Domestic Bonds (Secured / unsecured, non-convertible, non-cumulative, redeemable, taxable / tax-free under private placement) during the Financial Year 2026-27 in one or more tranches / offers. Further, board has in-principle approved for participation of the company in up to two TBCB projects with an aggregate total estimated project cost of about Rs 500 crore through consortium of the company as the Lead Partner and POWERGRID Infrastructure Investment Trust as the Other Partner.
Moreover, the board approved the sale of entire stake of the company and exit from Parbati Koldam Transmission Company, a joint venture company between the company and India Grid Trust. Additionally, the company has received approval for winding up of RINL POWERGRID TLT, a joint venture company between the company and Rashtriya Ispat Nigam from the records of the Registrar of Companies, Ministry of Corporate Affairs.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.
| Company Name | CMP |
|---|---|
| NTPC | 352.15 |
| Tata Power | 389.05 |
| Power Grid Corpn. | 283.95 |
| Adani Power | 229.25 |
| Torrent Power | 1412.40 |
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