Power Grid Corporation of India Limited (POWERGRID) has announced a key financial decision after its Board of Directors meeting held on April 30, 2026. The company informed both the National Stock Exchange of India and BSE Limited about the approval of a major fund-raising plan.
As per the disclosure, the board has approved raising up to ₹4,000 crore through an unsecured rupee term loan or a line of credit. This facility will be arranged by the State Bank of India, which is the country’s largest lender. The meeting began at 10:30 a.m. and concluded at 11:35 a.m., during which the proposal was discussed and approved.
The company stated that the move is in line with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Such disclosures are mandatory for listed companies to ensure transparency and the timely sharing of important financial decisions with investors.
By securing this credit facility, POWERGRID aims to strengthen its financial position and support its ongoing operations as well as future infrastructure development plans. The official communication was signed by the Company Secretary and Compliance Officer, confirming that the information has been shared as part of regulatory requirements.
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