New Delhi, Sept. 18 -- Power Grid Corporation of India has approved a plan to raise up to Rs.5,000 crore through the private placement of bonds, giving the power transmission company another fundraising route. The decision was taken by the company's Committee of Directors for Bonds at a meeting held on September 18, 2026.

The proposed issue is for unsecured, non-convertible, non-cumulative, redeemable and taxable POWERGRID Bonds - LXXXIV (84th) Issue 2026-27. The company informed the stock exchanges that the fundraising will be carried out through private placement.

The total size of the proposed bond issue has been fixed at Rs.5,000 crore. This includes a base issue of Rs.1,000 crore and a green shoe option of Rs.4,000 crore.

The bond...