Power Grid Corporation of India Limited — Others, 13-03-2025: Security Cover Certificate

Power Grid Corporation of India Limited engaged Shridhar & Associates to certify the security cover for its non-convertible debentures (NCDs) as of December 31, 2024. The certified market value of assets ensures a security cover ratio of 1.10 times relative to the borrowed amount, indicating compliance with the terms of the debt issuance. This update reinforces the company's financial health and stability, likely fostering a positive outlook among investors. The certification reflects robust asset management and transparency, enhancing shareholder confidence amidst ongoing operational adjustments in the power sector.