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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..