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Powergrid board approves INR 4,000 crore loan from SBI

#Taxation & Finance News#Infrastructure#India
Last Updated : 5th May, 2026
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Synopsis

Power Grid Corporation of India has approved a plan to raise up to INR 4,000 crore through an unsecured rupee term loan or credit line from State Bank of India. The decision, cleared by the company’s board, is part of its funding strategy to support ongoing and upcoming projects. As India’s largest power transmission utility under the Ministry of Power, Powergrid continues to rely on institutional funding to strengthen its infrastructure network. The move reflects steady capital planning amid rising investments in transmission capacity across the country.

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Power Grid Corporation of India has approved a proposal to raise up to INR 4,000 crore from State Bank of India through an unsecured rupee term loan or a line of credit. The decision was taken by the company’s board and later communicated to stock exchanges.


The company stated in its filing that the board had considered and approved raising funds through a bank facility from SBI, with the total amount capped at INR 4,000 crore. This funding route provides flexibility in managing capital requirements without pledging assets.

Powergrid, a state-owned entity operating under the Ministry of Power, is the largest electric power transmission utility in India. It plays a key role in developing and maintaining the country’s interstate transmission network. The company has consistently relied on a mix of internal accruals and borrowings to fund its expansion plans.

In recent years, Powergrid has been actively investing in strengthening transmission infrastructure to support growing electricity demand, renewable energy integration, and grid stability. Access to low-cost institutional funding from lenders like SBI remains an important part of its financing strategy.

Source PTI
Next (Mindspace REIT plans INR 5 billion bond issue with 10-year maturity)

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