CCEA Approves Enhanced Delegation to POWERGRID for Increased Equity Investment

The Cabinet Committee on Economic Affairs (CCEA) has approved the enhanced delegation to POWERGRID under the extant guidelines of DPE on delegation of powers to Maharatna CPSEs. This approval enhances the permissible equity investment limit of POWERGRID from the current threshold of Rs. 5,000 Crore per subsidiary to Rs. 7,500 Crore per subsidiary, while retaining the existing cap of 15% of the Company’s net worth. This move will enable POWERGRID to expand its investment in its core business and support the evacuation of renewable energy capacity, helping achieve the target of 500 GW from non-fossil-based sources.