Cabinet Approves Increase in Powergrid's Equity Investment Limit to Rs 7,500 Crore

The Union Cabinet approved raising Powergrid's equity investment limit per subsidiary from Rs 5,000 crore to Rs 7,500 crore, retaining the 15% net worth cap. This increase enables Powergrid to bid for capital-intensive transmission projects, including Ultra High Voltage Alternating Current (UHVAC) and High Voltage Direct Current (HVDC) networks, supporting renewable energy evacuation and India's 500 GW non-fossil energy target. The move is expected to enhance competition under the Tariff-Based Competitive Bidding framework, promoting affordable and clean energy availability.