Power Grid Corporation of India Limited (POWERGRID), a Government of India enterprise, has announced several important decisions after its Board of Directors meeting held on June 26, 2026. The company shared the information through a regulatory filing submitted under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting started at 1:30 P.M. and ended at 3:00 P.M.
One of the major decisions taken by the Board is to increase the company’s borrowing limit. At present, POWERGRID is allowed to borrow up to ₹1,80,000 crore. The Board has now approved a proposal to raise this limit to ₹2,20,000 crore. However, this proposal will become effective only after receiving approval from the company’s shareholders at the upcoming Annual General Meeting (AGM). The increased borrowing limit is expected to provide the company with greater financial flexibility to support its future investment plans and expansion projects.
The Board also approved raising funds from international financial markets through External Commercial Borrowings (ECB). Under this plan, POWERGRID intends to borrow up to USD 500 million from the Bank of Baroda. The foreign currency borrowing is expected to strengthen the company’s financial resources and help meet its growing infrastructure requirements.
Apart from financial decisions, the Board approved an important transmission infrastructure project. The project involves upgrading the existing Udumalpet–Madurai 400kV single-circuit transmission line into a 400kV quad double-circuit transmission line. This upgrade is aimed at improving the capacity and reliability of the power transmission network in the region.
The total estimated cost of the transmission project is ₹772.65 crore. According to the company, the project will be completed within 30 months from the date of its allocation. Based on the approved schedule, the expected completion date is August 11, 2028. The upgraded transmission line is expected to support the growing demand for electricity transmission and strengthen the country’s power infrastructure.
The official disclosure regarding these decisions was submitted to both the National Stock Exchange of India Limited (NSE) and BSE Limited by Anjana Luthra, Company Secretary and Compliance Officer of POWERGRID.
The latest approvals reflect POWERGRID’s continued focus on strengthening its financial position while investing in critical transmission infrastructure. By expanding its borrowing capacity, securing international funding, and approving new transmission projects, the company is preparing to support future growth and improve the reliability of India’s power transmission network.
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