Power Grid shares rise as firm to raise up to ₹3,800 crore via bonds; all you need to know

The base issue size will be ₹1,000 crore with a green shoe option of ₹2,800 crore, the company said in a regulatory filing.

Bonds are redeemable at par in 10 equal annual instalments and interest payments on a yearly basis.

Earlier, the Power Grid board had approved raising funds of up to ₹6,000 crore through an unsecured rupee term loan or line of credit (bank facility) from the State Bank of India (SBI).

Power Grid share price

On Monday, Power Grid shares settled at ₹273.70 apiece on NSE, rising 0.88%.

Over the last five trading days, shares of the firm have gained 3%. Since May 19, 2025, which is six months, the stock has fallen 10%. Year-to-date, it has declined 12%.

The company’s market capitalisation stands at ₹2.55 lakh crore.

Shares of the firm had touched their one-year high of ₹345.40 apiece on November 25, 2024, while their 52-week low of ₹247.30 was hit on February 28, 2025.

Power Grid Q2 earnings

Power Grid Corporation of India had reported a consolidated net profit of ₹3,566 crore for the second quarter of the current financial year (Q2 FY26), marking a decline of 6% from ₹3,793 crore in the same period last year.

The state-run power transmission company’s revenue from operations rose nearly 2% in the July-September period to ₹11,476 crore from ₹11,278 crore in the year-ago period.

The company reported weak operational performance, as its earnings before interest, taxes, depreciation, and amortisation (EBITDA), also known as operating profit, slipped 6% to ₹9,114 crore as compared to ₹9,701 crore year-on-year (YoY).

Its margin contracted 79.4% from 86% in the corresponding period last year.

Power Grid is one of India’s leading power transmission companies and among the largest transmission utilities globally. It operates a network of around 176,343 circuit km of transmission lines and 275 substations, playing a vital role in strengthening and developing the country’s power infrastructure.