Announced Wed, 22 Jul · 23:10 IST
Board approves borrowing plans and appoints Cost Auditors for FY27
Management Changes View source PDF
POWERGRID · price
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AI summary
The board approved increasing the borrowing limit from Rs 30,000 crore to Rs 35,000 crore for FY 2026-27, and approved borrowing up to Rs 35,000 crore for FY 2027-28, both via domestic bonds. Both proposals need shareholder approval. The board also appointed M/s R.M. Bansal and Co. and M/s Chandra Wadhwa and Co. as joint Cost Auditors for FY 2026-27. Both firms have prior experience auditing POWERGRID and other major PSUs.
Likely market impact
Higher borrowing limit signals continued capex for transmission infrastructure but raises debt obligations. Both proposals need shareholder nod. Routine auditor appointment.