PGPower Grid Corporation of India532898Board decision

Board approves raising up to Rs. 10,000 Crore unsecured rupee term loan from SBI

The Board, at its meeting on 26th September, 2026, approved raising funds through an Unsecured Rupee Term Loan / Line of Credit (Bank Facility) of up to Rs. 10,000 Crore from State Bank of India.

By ScoutQuest · Sat 26 Sep 2026, 4:57 PM IST · 1 min read

Loan Amount

Up to Rs. 10,000 Crore

Loan Type

Unsecured Rupee Term Loan / Line of Credit

Lender

State Bank of India

Board Meeting Date

26th September, 2026

Meeting Duration

12:15 P.M. to 1:30 P.M.

What was approved

The Board of Directors approved the raising of funds through an Unsecured Rupee Term Loan / Line of Credit (Bank Facility) of up to Rs. 10,000 Crore from State Bank of India.

Key points

• Type of borrowing: unsecured rupee term loan or line of credit from a bank.
• Lender: State Bank of India.
• Ceiling: up to Rs. 10,000 Crore — an upper limit, not necessarily the amount drawn immediately.
• Meeting timing: commenced 12:15 P.M., concluded 1:30 P.M.

What it means for investors

An unsecured facility means no specific company assets are pledged as security to the lender. For a capital-intensive transmission business, bank borrowing is a standard way of funding capital expenditure and general corporate needs. The approval is an enabling one, giving the company headroom to draw funds as required.

The disclosure was made under Regulation 30 of SEBI LODR as an outcome of the Board Meeting.

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