Mumbai: POWERGRID Corporation of India Limited, one of India’s leading power transmission companies, announced key decisions during its Board meeting held on Monday. The meeting, which lasted from 5:50 PM to 7:15 PM, covered major financial, strategic, and international investment initiatives to strengthen the company’s growth and infrastructure capabilities.
₹5,000 Crore Fundraising Approved
The Board approved raising funds through an unsecured Rupee Term Loan or Line of Credit of up to ₹5,000 crore from Union Bank of India. The capital infusion is aimed at supporting ongoing projects and future expansion in the transmission sector, ensuring uninterrupted power flow and strengthening India’s grid infrastructure.
Read also: Narendra Modi Inaugurates POWERGRID Transmission Projects Worth Over ₹3,600 Crore in Rajasthan
Centralized Security Operations Center Sanctioned
In a move to enhance operational security, the Board sanctioned an investment of ₹233.96 crore to establish a Centralized Security Operations Center for Substations – OT SOC. The project, expected to be implemented within 24 months of CERC approval, will monitor and safeguard substations against cyber and operational threats, ensuring reliable power transmission and grid security.
Divestment of CTUIL to GRID-INDIA
The Board granted in-principle approval for the divestment of POWERGRID’s entire equity stake in its wholly-owned subsidiary, Central Transmission Utility of India Limited (CTUIL). The proposed buyer is Grid Controller of India Limited (GRID-INDIA). This divestment aligns with POWERGRID’s strategic objectives to optimize its portfolio while strengthening collaboration within the power transmission ecosystem.
Strategic International Alliance with Africa50 & Uganda Development Bank
POWERGRID also approved a strategic alliance with Africa50 and Uganda Development Bank (UDB) for the development of a transmission project in Uganda under the Independent Power Transmission (IPT) model. A framework agreement for this partnership will be signed shortly. This initiative reflects POWERGRID’s global expansion strategy and its commitment to sharing Indian expertise in power transmission with emerging markets.
Key Takeaways from the Board Meeting
- Approval to raise ₹5,000 crore via unsecured term loans for ongoing and upcoming projects.
- ₹233.96 crore investment in a Centralized Security Operations Center for substations.
- Divestment of CTUIL to GRID-INDIA approved in principle.
- Strategic international alliance for a transmission project in Uganda with Africa50 & UDB.
- Initiatives strengthen financial stability, grid security, and global footprint.
About POWERGRID
POWERGRID Corporation of India Limited is a leading public sector undertaking (PSU) engaged in the planning, development, operation, and maintenance of power transmission networks across India. With a strong focus on reliable, efficient, and sustainable power delivery, POWERGRID also supports regional and international transmission projects, contributing significantly to India’s energy security and global renewable energy initiatives.
