Power Grid Corporation of India, the largest electric power transmission utility in India, has received approval from its board to raise up to ₹4,000 crore (approximately $480 million USD) from the State Bank of India (SBI). This fundraise will be executed through an unsecured rupee term loan or line of credit. The decision was made during a board meeting on April 30, 2026. Power Grid has shown strong financial performance, reporting a net profit of ₹4,160.17 crore for the third quarter of FY26, marking a 6.8% increase from the previous year. The company’s revenue from operations also rose by 8.7% year-on-year to ₹11,005.28 crore. Despite a slight dip in share price by 0.69% to ₹318.15 on the announcement day, the stock has appreciated by 19.27% year-to-date, demonstrating sustained investor interest. Additionally, the company is set to see the end of tenure for two independent directors in April 2026, with new appointments to be made by the Government of India.