Power Grid Corporation of India Ltd has significantly increased its financial flexibility after its board approved raising the borrowing limit to ₹2,20,000 crore from ₹1,80,000 crore. The decision, taken on June 26, 2026, is subject to shareholder approval at the ensuing Annual General Meeting. Additionally, the board sanctioned raising $500 million through External Commercial Borrowings (ECB) from Bank of Baroda to bolster foreign currency funding.

The board also approved an investment of ₹772.65 crore for the upgradation and conversion of the Udumalpet – Madurai 400kV S/c line to a 400kV (quad) D/c line. This infrastructure project is scheduled to be implemented within 30 months from the date of allocation, with a target completion date of August 11, 2028.

The meeting was held in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The proceedings commenced at 1:30 P.M. and concluded at 3:00 P.M. on the same day.

Key Approvals

The board's decisions focused on expanding financial headroom and strengthening transmission infrastructure. The following table summarizes the key resolutions passed:

The investment in the Udumalpet – Madurai line aims to enhance transmission capacity. The project involves converting a single-circuit line to a double-circuit quad configuration, which is critical for improving grid reliability and power transfer efficiency.

Power Grid Corporation of India Ltd's Committee of Directors for Bonds approved the General Information Document (GID) for the issuance of debentures on a private placement basis for the fiscal year 2026-27. The debt securities will be issued in one or more tranches or through one or more issuances. The decision was taken during the committee meeting held on June 26, 2026.

The meeting commenced at 3:00 P.M. and concluded at 3:30 P.M. The disclosures were submitted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Anjana Luthra, Company Secretary & Compliance Officer, signed the regulatory filing submitted to the National Stock Exchange of India Limited and BSE Limited.

The approval of the GID facilitates the company's ability to raise debt capital through private placements, supporting its financial flexibility for the upcoming fiscal year.