Power Grid Corporation Increases Borrowing Limit and Appoints Joint Cost Auditors
Power Grid Corporation of India Limited has approved several key proposals regarding its financial capacity and auditing requirements during its Board meeting held on July 22, 2026. The company enhanced its borrowing limit for the current fiscal year while also finalizing appointments for joint Cost Auditors for the coming financial year.The Board considered and sanctioned a proposal to enhance the borrowing limit from Rs. 30,000 Crore to Rs. 35,000 Crore during the financial year 2026-27. This enhancement covers various funding sources, including Domestic Bonds (Secured/unsecured) and private placement options.
Furthermore, the company approved a proposal for borrowing funds up to Rs. 35,000 Crore during the financial year 2027-28. This future borrowing plan is planned across multiple avenues, such as Secured/unsecured Domestic Bonds and private placements. These proposals are subject to shareholder approval at the forthcoming Annual General Meeting.
Joint Cost Auditor Appointment
As part of its operational approvals, the Board appointed M/s. R. M. Bansal & Co. and M/s. Chandra Wadhwa & Co. as joint Cost Auditors for Power Grid Corporation of India Limited for the Financial Year 2026-27.The two firms have extensive experience in the power sector. Details regarding their profiles, establishment dates, and previous professional assignments are summarized below:
| Metric | M/s. R.M. Bansal & Co., Cost Accountants | M/s. Chandra Wadhwa & Co., Cost Accountants |
|---|---|---|
| Location / Establishment | Kanpur based, established in 1990. | Delhi based, established in 2001. |
| Office Presence | Head Office and 11 Branch offices across the country. | 1 Head office and 6 Branch offices across the country. |
| Team Size | Comprises 9 partners and 4 qualified assistants. | Comprises 10 competent professionals (partners) and 5 qualified assistants. |
| Relevant Experience for Power Grid | Conducted Cost Audit of POWERGRID from FY 2014-15 to FY 2019-20, and for FY 2024-25 & 2025-26. | Conducted Cost Audit of POWERGRID for FY 2018-19, FY 2019-20, and FY 2024-25 & 2025-26. |
| Client Base Highlights | Associated with NTPC Ltd., NHPC Ltd., NLC Ltd., Coal India Ltd., Indian Oil Ltd., GAIL India Ltd., SAIL, THDC India Ltd., and other Navratna & Miniratna Companies. | Has successfully conducted assignments for Central Coalfields Ltd., Gail India Ltd., Heavy Engineering Corporation Ltd., Indian Oil Corporation Ltd., NTPC Ltd., SJVN Ltd., National Textile Corporation Ltd., and Oil and Natural Gas Corporation Ltd. |
Neither firm disclosed any relationships between directors in relation to this appointment.
POWERGRID Stock Price Movement
Power Grid Corporation of India Limited rallied on Wednesday as its stock settled at ₹289.30, completing the day with a 0.80% gain. The equity experienced significant investor interest, exchanging hands in approximately 4.6 million shares during the trading session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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