Power Grid Corporation of India Limited — Others, 27-06-2025: Security Cover Certificate

Power Grid Corporation of India Limited has maintained a security cover of 1.10 times on both market and book value for its outstanding secured non-convertible debentures (NCDs). The security primarily includes property, plant and equipment, capital work in progress, intangible assets, and loans. Market values for certain assets like land and buildings are based on an independent valuation, while others are recorded at carrying value due to feasibility constraints. The total secured debt backed by assets stands at Rs 35,229.90 Cr, with additional secured borrowings sharing pari-passu charges. This strong security cover assures investors of adequate asset backing for the company’s listed debt securities.