Power Grid plans $500 million External Commercial Borrowing proposal on June 26

State-owned Power Grid Corporation of India Ltd on Tuesday (June 23) said its board of directors will meet on Friday, June 26, 2026, to consider raising foreign currency funds through external commercial borrowings (ECB) of up to $500 million from domestic or foreign banks.

Earlier, the committee of directors for bonds will meet on June 26, 2026, to consider and approve the General Information Document (GID) for the issuance of POWERGRID debentures during fiscal year 2026-27.

The proposed issuance of debt securities, or bonds, will be undertaken on a private placement basis and may be carried out in one or more tranches or through one or more issuances during the fiscal year.

Fourth Quarter Results

Power Grid Corporation of India reported a 9.7% year-on-year rise in consolidated net profit for Q4FY26, at ₹4,546.3 crore, beating the CNBC-TV18 poll estimate of ₹4,451 crore. Net profit stood at ₹4,143 crore in the corresponding quarter last year.

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However, revenue from operations declined 5% year-on-year to ₹11,666 crore from ₹12,275 crore and came in below the CNBC-TV18 poll’s projected ₹12,859 crore.

EBITDA fell 11.3% to ₹9,066 crore against ₹10,224 crore a year ago, missing the poll estimate of ₹10,901 crore. EBITDA margin narrowed to 77.7% from 83% in the year-ago quarter and was lower than the estimated 84.28%.

The board recommended a final dividend of ₹1.25 per equity share for FY26, subject to shareholder approval at the upcoming AGM. The final dividend is in addition to the first interim dividend of ₹4.50 per share and the second interim dividend of ₹3.25 per share already paid during the financial year.

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The company also approved raising up to ₹5,000 crore through unsecured rupee term loans or line of credit facilities from its existing consortium of bankers and lenders through a competitive bidding process.

Shares of Power Grid Corporation of India Ltd ended at ₹292.25, up by ₹2.40, or 0.83%, on the BSE.