CCEA raises POWERGRID’s equity investment limit per subsidiary to Rs 75 billion

The CCEA has approved enhanced delegation of powers to Power Grid Corporation of India Limited (powergrid) under the Department of Public Enterprises guidelines for Maharatna central public sector enterprises. The approval increases powergrid’s permissible equity investment threshold from Rs 50 billion per subsidiary to Rs 75 billion per subsidiary, while retaining the overall cap of 15 per cent of the company’s net worth. The enhanced limit is intended to enable powergrid to scale up investments in its core transmission business and support the evacuation of renewable energy as India targets 500 GW of non-fossil capacity.