Power Grid Board approves for several joint ventures and fund-raising programme for FY26
Power Grid Corporation of India announces key decisions including increased borrowing limits, Rs 30,000 Cr fundraise, JV formations with Nepal, and strategic exits. Big moves approved during the July 30 Board Meeting to strengthen cross-border power connectivity and raise capital.
State-run Power Grid Corporation of India Ltd has announced the results of Board Meeting held on 30th July. Several Approvals have been made by Board Members. Here is the list mentioned below:
The Board has approved the enhancement of borrowing limit from Rs. 16,000 Crore to Rs. 25,000 Crore, from various sources including domestic bonds through issue of secured / unsecured, non-convertible, cumulative / non-cumulative, redeemable, taxable / tax-free Debentures / Bonds under Private Placement for the Financial Year 2025-26.
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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; and
In-principle approval for participation of POWERGRID in up to two (02) TBCB project(s) with an aggregate total estimated project cost of about Rs. 500 Crore through consortium of POWERGRID as the Lead Partner and POWERGRID Infrastructure Investment Trust (PGInvIT) as the Other Partner (acting through a holding Company or any other arrangement as may be permissible under applicable laws, rules, regulations, circulars, guidelines, or directions issued by any competent authority from time to
For the sale of entire stake of POWERGRID & exit from Parbati Koldam Transmission Company Limited, a Joint Venture Company between POWERGRID and India Grid Trust.
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Formation of Joint Venture Company in Nepal between Power Grid Corporation of India Limited (POWERGRID) and Nepal Electricity Authority (NEA) with 49% and 51% equity participation respectively for Implementation of Nepalese Portion of 400 kV D/C Inaruwa (Nepal) – New Purnea (India) and 400 kV D/C Lamki (Dododhara) (Nepal) - Bareilly (India) Transmission interconnections between India and Nepal.
Approval for winding up of RINL POWERGRID TLT Private Limited, a Joint Venture Company between POWERGRID and Rashtriya Ispat Nigam Limited, from the records of the Registrar of Companies, Ministry of Corporate Affairs, subject to such approvals, as may be required, from regulators including Govt. authorities, if any.
The approvals mentioned are subjected to approval by the Board of Directors, are subject to the approval of shareholders in the ensuing Annual General Meeting.
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