Date: 2026-02-24Category: Press ReleaseState: Union GovernmentCountry: India
Cabinet approves enhanced delegation to POWERGRID from the extant guidelines on delegation of powers to Maharatna CPSEs for increasing equity investment threshold from Rs.5000 crore per subsidiary to Rs.7500 crore per subsidiary
On February 24, 2026, the Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, approved enhanced delegation to POWERGRID under the extant guidelines dated February 4, 2010, of the Department of Public Enterprises (DPE) on delegation of powers applicable to Maharatna CPSEs. The approval increases the permissible equity investment limit of POWERGRID from Rs.5,000 crore to Rs.7,500 crore per subsidiary, while retaining the existing cap of 15% of the company's net worth. This enables POWERGRID to expand its investment, support renewable energy evacuation, and achieve the target of 500 GW from non-fossil-based sources. POWERGRID can now participate in bids for capital-intensive transmission projects like UHVAC and HVDC transmission networks. It will also broaden competition in Tariff Based Competitive Bidding (TBCB) for critical transmission projects. The release ID is 2232115 and the visitor counter is at 196.
Key Entities Referenced
POWERGRID: India's largest electric power transmission company; the policy enhances its investment limits.
Maharatna CPSEs: Central Public Sector Enterprises that meet specific criteria, benefitting from the enhanced delegation of powers.
Cabinet Committee on Economic Affairs: Committee that approved the policy, chaired by the Prime Minister.
Department of Public Enterprises (DPE): The department whose guidelines form the basis for the enhanced delegation.
Tariff Based Competitive Bidding (TBCB): Mechanism affected by the increased investment capabilities of POWERGRID.
Ministry of Power
Cabinet approves enhanced delegation to
POWERGRID from the extant guidelines on
delegation of powers to Maharatna CPSEs for
increasing equity investment threshold from
Rs.5000 crore per subsidiary to Rs.7500 crore
per subsidiary
Posted On: 24 FEB 2026 3:45PM by PIB Delhi
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, today
has approved enhanced delegation to POWERGRID under the extant guidelines dated 4th February, 2010
of the Department of Public Enterprises (DPE) on delegation of powers applicable to Maharatna CPSEs.
The 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.
The approval will enable POWERGRID, the largest and most experienced transmission service provider
in the country, 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.
POWERGRID can now participate in the bids for capital-intensive transmission projects, such as Ultra
High Voltage Alternating Current (UHVAC) and High Voltage Direct Current (HVDC) transmission
networks. Additionally, it will broaden competition in the Tariff Based Competitive Bidding (TBCB) for
selection of bidders for critical transmission projects. This ensures better price discovery, and ultimately
lead to the availability of affordable and clean energy for consumers.
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MJPS
(Release ID: 2232115) Visitor Counter : 196
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