Power Grid Corporation of India Limited (POWERGRID) announced decisions from its Board Meeting held on June 26, 2026. The board considered and approved proposals including enhancement of borrowing limits, raising foreign currency funds through External Commercial Borrowings (ECB), and investment in a transmission line upgrade project.
The board approved increasing the company's borrowing limit from Rs 1,80,000 crore to Rs 2,20,000 crore. The enhanced borrowing ceiling of Rs 2,20,000 crore represents a Rs 40,000 crore increase over the existing limit and is subject to shareholder approval at the ensuing Annual General Meeting.
The board also approved raising foreign currency funds through ECB of up to USD 500 million from Bank of Baroda. The funds will be used for the company's capital expenditure and long-term funding requirements.
Investment approval was granted for the upgradation and conversion of the existing Udumalpet – Madurai 400kV Single Circuit line to a 400kV Quad Double Circuit line. The estimated cost of the project is Rs 772.65 crore. Implementation is scheduled within 30 months from the date of allocation, with completion targeted by August 11, 2028.
The Board Meeting commenced at 1:30 PM and concluded at 3:00 PM on June 26, 2026. Power Grid Corporation of India Limited has disclosed the meeting outcome to both NSE and BSE in compliance with Regulation 30 of SEBI LODR.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.