Power Grid Corporation of India Limited — Board Meeting, 18-12-2024: Outcome of Board Meeting

The Committee of Directors for Bonds has approved the raising of the POWERGRID Bonds - LXXX (80th Issue) for an aggregate amount of ₹4,250 Crore through private placement. This consists of a base issue size of ₹1,000 Crore and a green shoe option of ₹3,250 Crore. The bonds will be unsecured and redeemable at par after ten years, with interest payments made annually. There are no identified delays or defaults in payment regarding these bonds. The proposed bonds are set to be listed on the BSE and NSE.