Power Grid Corporation of India Limited announced that the Committee of Directors for Bonds in their meeting held on 17 April 2024 has approved the raising of Bonds as Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable POWERGRID Bonds Issue(s) during fiscal year 2024-25 in one or more tranches /series upto INR 120,000 million on Private Placement basis. Tenure of the instrument - Date of allotment and date of maturity: To be decided tranch wise. Coupon/interest offered, schedule of payment of coupon/interest and principal: To be decided after bidding at Electronic Book Provider (EBP) Platform.