Announced Fri, 26 Jun · 15:33 IST
Board approves Rs 772.65 Cr line upgrade, raises borrowing limit
Capex & Operations View source PDF
POWERGRID · price
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Price reaction · full curve 14 horizons · vs prior close
+0.7%1-day move
₹284.50
prior close
₹287.00
base price
After-mkt
timing
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AI summary
PowerGrid's board, on 26 June 2026, approved three items: (1) raising the borrowing limit from Rs 1,80,000 crore to Rs 2,20,000 crore, subject to shareholder approval at the AGM; (2) raising USD 500 million through External Commercial Borrowings from Bank of Baroda; and (3) investing Rs 772.65 crore to upgrade the Udumalpet-Madurai 400kV single circuit line to a quad double circuit line, to be completed within 30 months by 11 August 2028.
Likely market impact
Higher debt headroom and ECB funding back continued capex on the transmission network. Positive for long-term growth, mild dilution risk from added leverage.