NEW DELHI. The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved enhanced delegation of powers to Power Grid Corporation of India Limited (POWERGRID), increasing the equity investment limit from ₹5,000 crore to ₹7,500 crore per subsidiary under the existing Maharatna CPSE guidelines. The decision is aimed at strengthening POWERGRID’s capacity to invest in capital-intensive transmission projects and accelerate the expansion of India’s power infrastructure.
With the enhanced financial threshold, the company will be better positioned to undertake large-scale projects, including Ultra High Voltage Alternating Current (UHVAC) and High Voltage Direct Current (HVDC) transmission networks, which are critical for long-distance bulk power transfer and renewable energy integration. The move is also expected to enhance competition under the Tariff Based Competitive Bidding (TBCB) framework by enabling POWERGRID to respond more effectively to emerging opportunities. The Cabinet’s approval is seen as a significant step toward faster development of strategic transmission assets, supporting the country’s rising electricity demand and ongoing transition toward a cleaner and more resilient energy ecosystem.
