Powergrid’s equity investment limit hiked to ₹7,500/subsidiary

The Indian Cabinet has approved a significant increase in the equity investment limit for Power Grid Corporation of India Limited (POWERGRID), raising it to ₹7,500 crore per subsidiary. This decision aims to bolster the company's capacity to invest in renewable energy projects and enhance interstate power transmission infrastructure. As India strives to transition towards cleaner energy sources, this move is expected to facilitate POWERGRID's strategic initiatives in expanding its renewable portfolio and improving energy distribution efficiency across states. The increase in investment capacity aligns with the government's broader goals of promoting sustainable energy practices and ensuring a robust power grid that can meet the growing demands of the country.