Power Grid Corporation of India Limited — Others, 12-12-2024: Security Cover Certificate

Power Grid Corporation of India Limited has provided a security coverage certificate confirming that, as of September 30, 2024, the market value of assets pledged as security exceeds the amount borrowed through non-convertible debentures, maintaining a security cover ratio of 1.10. This indicates robust asset backing and compliance with financial obligations. The update underlines the company's strong financial position, which is likely to bolster investor confidence by highlighting minimal default risk associated with its debt instruments, presenting a positive outlook for stakeholders.