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

25 Apr 2026

Sector 51-52 Metro skywalk in Noida remains shut despite being ready for over a year

Thousands of commuters travelling between Delhi Metro Rail Corporation’s (DMRC) Sector 52 station and Noida Metro Rail Corporation’s (NMRC) Sector 51 station continue to face daily inconvenience as the 300-metre air-conditioned skywalk connecting the two stations remains closed, despite being completed over a year ago, according to a report.The Noida Metro Rail Corporation built the foot overbridge to enable a seamless interchange between the Delhi Metro and Noida Metro networks. However, pending finishing work and a structural obstruction have delayed its opening.Krishna Karunesh, Chief E..

Infrastructure Transport

25 Apr 2026

Maharashtra clears Metro Line 5A, expansion of Mumbai Metro Line 5

The Maharashtra government has approved the expansion of Mumbai Metro Line 5 along with a new integrated corridor, Metro Line 5A, forming a combined 34.2-km metro network across the Thane-Bhiwandi-Kalyan-Ulhasnagar belt. The integrated project has been cleared at an estimated cost of ₹18,130.55 crore, according to a government resolution (GR).Metro Line 5 was originally approved in October 2017 as a 24.9-km fully elevated corridor with 17 stations connecting Thane, Bhiwandi and Kalyan, with an initial project cost of ₹8,416.51 crore. The corridor is being developed in two phases.The first ..

Infrastructure Transport

25 Apr 2026

Bengaluru Metro expansion seen driving office demand

Bengaluru’s expanding metro network is expected to emerge as a major catalyst for real estate growth, with the Yellow and Pink Lines likely to boost both office demand and residential prices across key micro-markets, according to a report by Colliers India.The report estimates that over the next two years, Bengaluru could witness an additional 5–7 million sq ft of Grade A office space demand across the Central Business District (CBD), Secondary Business District (SBD) and Electronic City. Improved metro connectivity and reduced commute times are expected to drive higher occupier interest a..