PGInvIT investment manager board okays Rs 644.15 cr for acquisition

08 Mar 2022 CW Team

On February 28, the board directors of POWERGRID Unchahar Transmission Ltd - the investment manager to PGInvIT, approved Rs 644.15 crore investment for acquiring stakes in many assets of Power Grid Corporation of India Ltd (PGCIL).

The board cleared acquiring the balance of 26% equity shareholding of POWERGRID Vizag Transmission Ltd by PGInvIT.

It is at a consideration of not surpassing Rs 340 crore, subject to the approval of the unitholders of PGInvIT.

It also approved the purchase of other revenues accruing to the PGInvIT's Special Purpose Vehicles (SPVs) POWERGRID Parli Transmission Ltd, POWERGRID Warora Transmission Ltd, and POWERGRID Jabalpur Transmission Ltd from POWERGRID for a consideration not exceeding Rs 81.01 crore, Rs 111.84 crore, and Rs 111.30 crore, respectively, from POWERGRID, subject to the approval of the unitholders of PGInvIT.

The board even approved a Postal Ballot Notice for seeking approval of unitholders of PGInvIT on the investment of Rs 644.15 crore.

Image Source

Also read: PGCIL pauses laying of overhead transmission lines in Rajasthan

Infrastructure Urban

11 Mar 2026

India Expands Semiconductor Training To 500 Institutions

Under the Chips to Startups programme of the India Semiconductor Mission, the Union minister responsible for Railways, Information and Broadcasting, and Electronics and IT reported notable progress in talent development. He indicated that over the past four years substantial steps have been taken towards a 10-year target of training 85,000 engineers in semiconductor design. World-class EDA tools have been deployed in 315 academic institutions across the country to provide students with practical exposure to chip design. These EDA tools are supported by leading global firms and are accessible t..

Delhi Institutions Support India Semiconductor Mission

The Government of India has prioritised talent development through training, upskilling and workforce development under the Chips to Startups initiative of the India Semiconductor Mission, with officials noting progress in four years towards a 10-year target of training 85,000 engineers in semiconductor design. Electronic design automation tools provided by Synopsys, Cadence, Siemens, Renesas, Ansys and AMD have been deployed in 315 academic institutions, enabling students to gain practical chip design experience. Chips have been fabricated and tested at the Semiconductor Laboratory, Mohali, a..

NHA Announces Winners Of NHCX Hackathon At IIT Hyderabad

The National Health Authority (NHA) has concluded the NHCX Hackathon under the Ayushman Bharat Digital Mission (ABDM) to stimulate innovation around the National Health Claims Exchange (NHCX). The winning teams presented their solutions at the NHCX Innovation Meet held at IIT Hyderabad during a two-day event in March 2026 that also served as the hackathon grand finale. The hackathon itself ran from 22 to 28 February 2026 and aimed to accelerate paperless, transparent claims processing across India. The event was organised with a range of ecosystem partners, including the Insurance Regulatory a..