Cabinet Raises POWERGRID Equity Investment Threshold

26 Feb 2026 CW Team

The enhanced limit will enable Power Grid Corporation of India Limited, the largest transmission service provider in the country, to expand investment in its core transmission business and to support the evacuation of renewable energy capacity. The change is intended to assist the drive to achieve the target of 500 gigawatt (GW) from non-fossil-based sources by facilitating timely transmission infrastructure. It will allow the company to plan larger equity stakes in strategic subsidiaries and to mobilise resources more efficiently.

The company can now participate in bids for capital intensive transmission projects, including Ultra High Voltage Alternating Current (UHVAC) and High Voltage Direct Current (HVDC) networks, and in Tariff Based Competitive Bidding for selection of bidders for critical transmission links. Broadening participation is expected to increase competition and improve price discovery in project procurement. Enhanced competition should contribute to lowering the delivered cost of transmission services over time.

Overall, the delegation is projected to strengthen the transmission network, expedite evacuation of renewable energy, and support the availability of affordable and clean energy for consumers. Retaining the 15 per cent net worth ceiling aims to preserve financial prudence while allowing larger strategic investments. The approval is part of broader efforts to bolster infrastructure capacity and to meet national energy transition objectives.

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, approved an enhanced delegation to Power Grid Corporation of India Limited under the Department of Public Enterprises guidelines dated four February 2010. The approval raises the permissible equity investment limit per subsidiary from Rs 50,000 million (mn) to Rs 75,000 million (mn) while retaining the existing cap of 15 per cent of the company's net worth. The move follows the Maharatna classification and applies under extant delegation of powers for Maharatna central public sector enterprises. The enhanced limit will enable Power Grid Corporation of India Limited, the largest transmission service provider in the country, to expand investment in its core transmission business and to support the evacuation of renewable energy capacity. The change is intended to assist the drive to achieve the target of 500 gigawatt (GW) from non-fossil-based sources by facilitating timely transmission infrastructure. It will allow the company to plan larger equity stakes in strategic subsidiaries and to mobilise resources more efficiently. The company can now participate in bids for capital intensive transmission projects, including Ultra High Voltage Alternating Current (UHVAC) and High Voltage Direct Current (HVDC) networks, and in Tariff Based Competitive Bidding for selection of bidders for critical transmission links. Broadening participation is expected to increase competition and improve price discovery in project procurement. Enhanced competition should contribute to lowering the delivered cost of transmission services over time. Overall, the delegation is projected to strengthen the transmission network, expedite evacuation of renewable energy, and support the availability of affordable and clean energy for consumers. Retaining the 15 per cent net worth ceiling aims to preserve financial prudence while allowing larger strategic investments. The approval is part of broader efforts to bolster infrastructure capacity and to meet national energy transition objectives.

Infrastructure Transport

06 Aug 2026

Surya Roshni delivers customised lighting for NCRTC RRTS stations

Surya Roshni has supplied customised indoor lighting solutions for 18 elevated stations on the National Capital Region Transport Corporation's (NCRTC) Rapid Rail Transit System (RRTS), strengthening its presence in India's infrastructure lighting segment.The project involved the design and deployment of lighting systems for platforms, concourses, foot overbridges (FOBs) and back-of-house (BOH) areas. According to the company, the luminaires were developed specifically to meet NCRTC's design, operational and performance requirements rather than using standard products.Surya introduced two custo..

Real Estate

06 Aug 2026

Hilton debuts Tapestry Collection brand in Vietnam

Hilton has opened NHAAN Resort & Spa Hoi An, Tapestry Collection by Hilton, marking the debut of the Tapestry Collection brand in Vietnam and expanding its lifestyle hospitality portfolio in Southeast Asia.Located along the Co Co River in Cam Thanh village, the 174-key resort provides access to Hoi An Ancient Town, Cua Dai Beach and the Cam Thanh Nipa Forest. The property has been designed by Vietnamese architect Vo Trong Nghia, incorporating biophilic architecture, locally sourced materials and riverfront landscapes.The resort offers a mix of guest rooms and suites, including family-frien..

Building Material

06 Aug 2026

Electrent expands lithium energy storage system portfolio

Electrent Energy has expanded its lithium-based energy storage portfolio with the launch of the ESS 850 and ESS 1050, targeting compact and maintenance-free power backup solutions for Indian homes.The new systems integrate a Home UPS and a LiFePO4 lithium battery into a single unit, extending the company's product range following the launch of its ESS 1350 and ESS 2500 models.Designed for apartments and smaller homes, the ESS 850 provides up to 1 hour 15 minutes of backup, while the ESS 1050 offers up to 1 hour 45 minutes on a typical 400 W household load. The systems can power essential appli..