Power Grid Corporation of India Limited (POWERGRID) has announced the successful outcome of its Board Meeting held on April 30, 2026. The Board of Directors has approved raising funds up to ₹4,000 Crore through an Unsecured Rupee Term Loan or Line of Credit from the State Bank of India. This strategic move was considered and finalized during the meeting which concluded at 11:35 A.M. today.

The board meeting, held in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, marks a significant step in the company’s financial planning for the 2026-2027 fiscal year. The approved bank facility will provide the necessary liquidity to support POWERGRID’s ongoing expansion and operational requirements as a leading state-owned electric utility. This fund-raising initiative aligns with the company’s previous board approvals for large-scale borrowing to fund its capital expenditure targets.

Power Grid Corporation of India Limited is a Maharatna CPSU and India’s largest electric power transmission company, headquartered in New Delhi. The company operates approximately 86% of India’s inter-regional transmission network and has diversified into telecom and consultancy services. In 2025, the company secured major projects including a ₹92,000 Crore win in Tariff Based Competitive Bidding (TBCB) projects, maintaining a market share of over 54%. Recent updates from 2025 also include the acquisition of several project-specific companies like Khavda V-B1B2 Power Transmission and Bidar Transco Limited to expand transformation capacity.

For the quarter ended December 31, 2025 (Q3 FY26), POWERGRID reported a 10.35% YoY increase in consolidated revenue from operations, reaching ₹12,395.09 Crore. The consolidated net profit for the same period jumped 8.37% YoY to ₹4,184.96 Crore, driven by steady asset commissioning. The company maintains a strong institutional holding of approximately 45.14%, with significant investments from Foreign Institutional Investors (FIIs) at 25.02% and Domestic Institutional Investors (DIIs) at 20.05% as of early 2026.