Government Approves Higher Equity Investment Cap for POWERGRID

The company can now invest up to ₹75 billion in the equity of its subsidiaries

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The Cabinet Committee on Economic Affairs (CCEA) has raised the permissible equity investment limit for Power Grid Corporation of India (POWERGRID) in its subsidiaries to ₹75 billion (~$825.25 million) per subsidiary, up from ₹50 billion (~$550.17 million).

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