The Board of Power Grid Corporation of India Ltd. (PGCIL) has approved a proposal to increase the company’s overall borrowing limit from ₹1.60 lakh crore to ₹2.20 lakh crore, subject to shareholders’ approval. The move is intended to provide greater financial flexibility for funding the company’s expanding transmission infrastructure pipeline and capital expenditure programme.
The proposal will be placed before shareholders for approval through a postal ballot, in accordance with the provisions of the Companies Act, 2013 and the company’s Articles of Association. If approved, the revised limit will enable PGCIL to raise additional debt through domestic or international borrowings as required for future business operations.
Power Grid said the enhanced borrowing capacity is aimed at supporting its growing investment commitments in interstate transmission systems, renewable energy evacuation corridors, grid modernisation projects and other strategic infrastructure initiatives. The company has secured a series of new transmission projects in recent months as India accelerates the expansion of its electricity network to accommodate rising power demand and renewable energy integration.
As India’s largest power transmission utility, Power Grid continues to play a central role in strengthening the national grid by developing high-voltage transmission networks, substations and cross-country transmission corridors. The company is also investing in digital grid technologies, smart transmission systems and green energy corridors to improve network reliability and facilitate the country’s clean energy transition.
The increase in the borrowing limit is expected to ensure adequate long-term funding for these projects while enabling the company to respond more efficiently to future investment opportunities arising from India’s rapidly expanding power infrastructure sector.
