Power Grid Corporation of India Limited — Bonds & AAA (CARE) Rating
PSU · Power & Energy
Verify this issuer →Latest events
Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.- 5 Nov 2026 New rating assigned to AAA CRISIL
- 14 Aug 2026 Interest payment notice Information regarding payment of Interest of Unsecured, Redeemable, Non-Convertible, Non-Cumulative, Taxable (8.24% POWERGRID GOI Fully Ser…
- Current ratings CARE AAA, CRISIL AAA, ICRA AAA
- Rating range All current ratings are AAA (CARE 23 Apr 2026, CRISIL 30 Sep 2026, ICRA 28 Feb 2015)
- Rating direction, 12 months 0 upgrades, 0 downgrades
- Watch / negative outlook None in 12 months
- Issuer not cooperating No such actions in 12 months
- Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
- Newest agency rating Dated 5 Nov 2026
- Payment record 43 payment disclosures since 17 Jul 2026: all on time
- Defaults on record No bond marked defaulted
- Traded in the last 30 days 9 of 69 active bonds had an exchange trade
- Exchange filings, 90 days 55 filings on NSE/BSE
A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.
- 69 active bonds tracked from this issuer.
- 41 of 69 tracked bonds with a stated security status are secured. (based on 69 bonds with a disclosed security status)
- Most recent rating action: initial by CRISIL on 5 Nov 2026.
Power Grid Corporation of India Limited is a public sector undertaking (PSU) in the Power & Energy sector. Coupon rates on outstanding bonds range from 6.05% - 9.65%, paid annually. Bonds mature between 2026 - 2036.
Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.
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Maturity Profile
Active bonds maturing, by year. Bar height relative to the tallest year (15 bonds).
Security Type / Instrument Mix
- NCD 69 bonds · 100% · ₹94,112 Cr tracked
Funding Evolution
Based on 69 of 69 active bonds with a known issue date and issue size.
Financial Snapshot
H1 FY27 vs H1 FY27As filed under SEBI LODR Reg 52(4) / Integrated Filing, filed 1 Nov 2026. Figures are reported facts, not a rating or recommendation.
- AAA 69 bonds · 100%
| Agency | Rating | Outlook | Bonds |
|---|---|---|---|
| CARE | AAA | Stable | 68 |
| CRISIL | AAA | — | 11 |
| ICRA | AAA | — | 5 |
| CRISIL | AAA | Stable | 3 |
Recent Rating Actions
YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.
More bonds from this issuer (19)
- Power Grid Corporation of India 7.74% Dec 2031 NCD · INE752E08536
- Power Grid Corporation of India 7.74% Dec 2032 NCD · INE752E08544
- Power Grid Corporation of India 7.40% Feb 2033 NCD · INE752E08676
- Power Grid Corporation of India 7.52% Mar 2033 NCD · INE752E08684
- Power Grid Corporation of India 7.56% Mar 2033 NCD · INE752E08692
- Power Grid Corporation of India 7.50% Aug 2033 NCD · INE752E08700
- Power Grid Corporation of India 7.70% Oct 2033 NCD · INE752E08718
- Power Grid Corporation of India 7.65% Jan 2034 NCD · INE752E08726
- Power Grid Corporation of India 7.35% Mar 2034 NCD · INE752E08734
- Power Grid Corporation of India 7.55% Apr 2034 NCD · INE752E08742
- Power Grid Corporation of India 7.34% Jul 2034 NCD · INE752E08585
- Power Grid Corporation of India 7.38% Jul 2034 NCD · INE752E08759
- Power Grid Corporation of India 7.49% Oct 2034 NCD · INE752E08619
- Power Grid Corporation of India 7.08% Oct 2034 NCD · INE752E08767
- Power Grid Corporation of India 7.12% Dec 2034 NCD · INE752E08775
- Power Grid Corporation of India 6.94% Apr 2035 NCD · INE752E08783
- Power Grid Corporation of India 6.98% Aug 2035 NCD · INE752E08791
- Power Grid Corporation of India 7.02% Dec 2035 NCD · INE752E08809
- Power Grid Corporation of India 7.74% Sep 2036 NCD · INE752E08817
Last 30 days, across all outstanding bonds from this issuer.
Interest and redemption payments as broadcast by NSE under SEBI LODR Reg 52(4)/60, across all outstanding bonds from this issuer -- actual disclosed events, not a projected schedule.
| Due Date | Bond | Type | Amount Due | Amount Paid | Status | Filing |
|---|---|---|---|---|---|---|
| 25 Oct 2026 | PGCIL-7.49%-STRPPS B-25-10-29-PVT | Interest | ₹56,62,00,000.00 | ₹56,62,00,000.00 | Paid | XBRL → |
| 25 Oct 2026 | PGCIL-7.49%-STRPPSC-25-10-34-PVT | Interest | ₹75,50,00,000.00 | ₹75,50,00,000.00 | Paid | XBRL → |
| 25 Oct 2026 | PGCIL-7.08%-25-10-34-PVT | Interest | ₹3,54,00,00,000.00 | ₹3,54,00,00,000.00 | Paid | XBRL → |
| 20 Oct 2026 | PGCIL-8.93%-20-10-27-PVT | Interest | ₹19,65,00,000.00 | ₹19,65,00,000.00 | Paid | XBRL → |
| 20 Oct 2026 | PGCIL-8.93%-20-10-28-PVT | Interest | ₹19,65,00,000.00 | ₹19,65,00,000.00 | Paid | XBRL → |
| 20 Oct 2026 | PGCIL-8.93%-20-10-29-PVT | Interest | ₹19,65,00,000.00 | ₹19,65,00,000.00 | Paid | XBRL → |
| 19 Oct 2026 | 8.85% SECURED NON CONVERTIBLE NON... | Interest | ₹20,96,00,000.00 | ₹20,96,00,000.00 | Paid | XBRL → |
| 12 Oct 2026 | 7.70% UNSECURED RATED LISTED... | Interest | ₹1,38,60,00,000.00 | ₹1,38,60,00,000.00 | Paid | XBRL → |
| 12 Oct 2026 | 7.70% UNSECURED RATED LISTED... | Redemption | ₹2,25,00,00,000.00 | ₹2,25,00,00,000.00 | Paid | XBRL → |
| 21 Sep 2026 | PGCIL-7.55%-21-9-31-PVT | Interest | ₹93,62,00,000.00 | ₹93,62,00,000.00 | Paid | XBRL → |
| 14 Sep 2026 | 8.4% SECURED NON CONVERTIBLE NON... | Interest | ₹21,00,00,000.00 | ₹21,00,00,000.00 | Paid | XBRL → |
| 14 Sep 2026 | 8.4% SECURED NON CONVERTIBLE NON... | Interest | ₹21,00,00,000.00 | ₹21,00,00,000.00 | Paid | XBRL → |
| 14 Sep 2026 | 8.4% SECURED NON CONVERTIBLE NON... | Interest | ₹21,00,00,000.00 | ₹21,00,00,000.00 | Paid | XBRL → |
| 14 Sep 2026 | 8.4% SECURED NON CONVERTIBLE NON... | Interest | ₹21,00,00,000.00 | ₹21,00,00,000.00 | Paid | XBRL → |
| 4 Sep 2026 | PGCIL-9.3%-4-9-29-PVT | Interest | ₹1,35,22,00,000.00 | ₹1,35,22,00,000.00 | Paid | XBRL → |
| 29 Aug 2026 | 9.35% Secured Non-Convertible... | Interest | ₹19,26,00,000.00 | ₹19,26,00,000.00 | Paid | XBRL → |
| 29 Aug 2026 | 9.35% Secured Non-Convertible... | Interest | ₹19,26,00,000.00 | ₹19,26,00,000.00 | Paid | XBRL → |
| 29 Aug 2026 | 9.35% Secured Non-Convertible... | Interest | ₹19,26,00,000.00 | ₹19,26,00,000.00 | Paid | XBRL → |
| 29 Aug 2026 | 9.35% Secured Non-Convertible... | Interest | ₹19,26,00,000.00 | ₹19,26,00,000.00 | Paid | XBRL → |
| 24 Aug 2026 | PGCIL-7.5%-24-8-33-PVT | Interest | ₹75,00,00,000.00 | ₹75,00,00,000.00 | Paid | XBRL → |
Source: NSE Debt Centralised Database, per SEBI LODR Reg 52(4)/60. Coverage begins 2 Aug 2026 — history accumulates as disclosures are broadcast.
| Dataset | Count | Freshness |
|---|---|---|
| Credit Ratings (current) | 87 | 2026-09-30 |
| Rating Actions History | 3 | 2026-11-05 |
| Secondary-Market Trades | 47 | 2026-11-05 |
| Reg52(4) Payment Disclosures | 20 | 2026-10-25 |
Methodology version 1.0. See full methodology for sources and limitations.
Related Issuers
All issuers →How many active bonds does Power Grid Corporation of India Limited have?
Power Grid Corporation of India Limited currently has 69 active bonds with coupons of 6.05% - 9.65%, maturities spanning 2026 - 2036.
What is Power Grid Corporation of India Limited's credit rating?
The most common current rating on Power Grid Corporation of India Limited's senior bonds is AAA (CARE). Ratings on file come from CARE, CRISIL, ICRA.
Are Power Grid Corporation of India Limited's bonds secured?
Of the 69 bonds with a disclosed security status, 41 are secured (59%) and 28 are unsecured.
When do Power Grid Corporation of India Limited's bonds mature?
Power Grid Corporation of India Limited's active bonds mature between 2026 - 2036; the nearest matures in Dec 2026; the average tenure is 3.6 Yrs.
What is the average coupon on Power Grid Corporation of India Limited's bonds?
The average coupon across Power Grid Corporation of India Limited's 69 active bonds is 8.10%.
Disclaimer: This page aggregates publicly available data about Power Grid Corporation of India Limited for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.