Announced Wed, 22 Jul · 23:08 IST
Board approves higher borrowing limit of Rs 35,000 Cr for FY27, appoints cost auditors
Board & Shareholder Meetings View source PDF
POWERGRID · price
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Price reaction · full curve 14 horizons · vs prior close
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₹288.70
prior close
₹287.30
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AI summary
Board approved raising borrowing limit from Rs 30,000 Cr to Rs 35,000 Cr for FY 2026-27 and a fresh borrowing plan of up to Rs 35,000 Cr for FY 2027-28, mainly through domestic bonds under private placement. Both proposals need shareholder approval at the next AGM. The Board also appointed R.M. Bansal and Co. and Chandra Wadhwa and Co. as joint Cost Auditors for FY 2026-27.
Likely market impact
Higher borrowing limit suggests more capex for network expansion. Shareholder approval at AGM pending.