Power Grid Corporation of India Limited, established in 1989 and headquartered in New Delhi, serves as the backbone of India's power distribution infrastructure. The company is dedicated to the transmission of electricity across the country, managing an extensive network that spans over 1,66,000 circuit kilometers, ensuring a reliable supply of power to various stakeholders. Power Grid also engages in the telecommunications sector, providing services that complement its core operations in energy transmission.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Power Grid has been a consistent issuer of bonds to finance its extensive projects and capital expenditures. Notably, it entered the bond market in 2001, further solidifying its position as a key player in the energy sector. In 2021, the company raised ?8,000 crore through the issuance of non-convertible debentures, catering to retail investors and institutional participants. The current yield on its bonds is competitive within the industry, offering attractive returns while maintaining high credit ratings, a testament to its financial stability. The company’s bonds also feature unique green bond provisions, highlighting its commitment to sustainable energy practices.