Power Grid Corporation of India Limited (POWERGRID), a leading power transmission company, has made significant strides in its financial and expansion plans. The company recently held its 36th Annual General Meeting (AGM) where shareholders approved key resolutions that will shape its future growth trajectory.

Massive Fundraising Plan Approved

POWERGRID shareholders have given their nod to an ambitious fundraising plan of up to ₹30,000.00 crore through bonds and debentures. This substantial capital raise is aimed at supporting the company's growth initiatives and infrastructure expansion plans. The approval allows POWERGRID to issue secured or unsecured, non-convertible, cumulative or non-cumulative, redeemable, taxable or tax-free debentures or bonds under private placement in one or more tranches or offers.

Investment in North-Eastern Region Expansion

In a separate development, POWERGRID's 'Committee of Directors on Investment on Projects' has approved a significant investment of ₹209.38 crore for the implementation of the "North-Eastern Region Expansion Scheme-XXIII (NERES-XXIII)". This project is scheduled to be commissioned within 30 months from the date of allocation, with a target completion date of February 3, 2028. The investment underscores POWERGRID's commitment to enhancing power infrastructure in the North-Eastern region of India.

Other Key AGM Highlights

The 36th AGM, held on August 26, 2025, through video conferencing, saw the participation of 231 members. Several important resolutions were passed, including:

• Adoption of audited financial statements
• Confirmation of interim dividends and declaration of final dividend
• Appointment and reappointment of directors
• Authorization for the Board to fix remuneration of statutory auditors
• Approval to enhance the borrowing limit from ₹16,000.00 crore to ₹25,000.00 crore

These decisions reflect POWERGRID's focus on corporate governance, financial prudence, and strategic growth initiatives. The company's proactive approach to fundraising and regional expansion projects positions it well to meet the growing power transmission needs of the country.

As POWERGRID moves forward with these plans, stakeholders will be keenly watching the execution of the North-Eastern expansion project and the utilization of the approved fundraising capacity to drive future growth and infrastructure development in India's power sector.

Power Grid Corporation of India Limited (POWERGRID) has taken a significant step towards enhancing the power infrastructure in the North-Eastern region of India. The company's Committee of Directors on Investment on Projects has approved the implementation of the North-Eastern Region Expansion Scheme-XXIII (NERES-XXIII) at an estimated cost of ₹209.38 crore.

Project Details

The NERES-XXIII project is set to bolster the power transmission capabilities in the North-Eastern part of the country. Key aspects of the project include:

• Estimated Cost: ₹209.38 crore
• Project Duration: 30 months from the date of project allocation

Strategic Importance

This expansion scheme is part of POWERGRID's ongoing efforts to strengthen and expand the power transmission network in the North-Eastern region. The investment in this project underscores the company's commitment to improving power infrastructure and supporting the growing energy needs of the area.

Corporate Governance

The approval of the NERES-XXIII project coincided with POWERGRID's 36th Annual General Meeting (AGM). The AGM, conducted through video conferencing, addressed various corporate matters, including:

• Adoption of financial statements
• Confirmation of interim dividends and declaration of final dividend
• Appointment and reappointment of directors
• Authorization for fixing remuneration of statutory auditors
• Approval of enhanced borrowing limits

Financial Implications

While the specific financial impact of the NERES-XXIII project was not disclosed, the approval of enhanced borrowing limits during the AGM suggests that POWERGRID is positioning itself for continued investment in infrastructure projects. The company received approval to:

• Increase the borrowing limit from ₹16,000.00 crore to ₹25,000.00 crore
• Raise funds up to ₹30,000.00 crore

These financial decisions indicate POWERGRID's robust plans for future expansion and development of power transmission infrastructure across India.

Conclusion

The approval of the North-Eastern Region Expansion Scheme-XXIII represents POWERGRID's ongoing commitment to enhancing India's power transmission capabilities. As the project progresses, it is expected to play a crucial role in meeting the increasing energy demands of the North-Eastern region and contributing to the overall development of the area's power infrastructure.