Announced Fri, 26 Jun · 15:22 IST
PowerGrid board hikes borrowing limit to Rs 2.2L Cr, approves $500M ECB
Board & Shareholder Meetings 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
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AI summary
PowerGrid board on Jun 26 approved raising borrowing limit from Rs 1.80 lakh crore to Rs 2.20 lakh crore, subject to shareholder approval at the AGM. Also approved raising USD 500 million via External Commercial Borrowings from Bank of Baroda, and a Rs 772.65 crore capex for upgradation of the Udumalpet-Madurai 400kV transmission line to be completed by August 2028.
Likely market impact
Higher borrowing headroom supports capex pipeline. ECB diversifies funding. New transmission capex adds to growth, modest positive long-term.