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India increases Powergrid’s investment limit to boost renewable energy projects and lower electricity costs.
The Indian government has raised Powergrid’s equity investment limit per subsidiary from Rs 5,000 crore to Rs 7,500 crore, enabling the state-owned transmission company to bid for large-scale projects like Ultra High Voltage AC and High Voltage DC networks.
The move, approved by the Cabinet Committee on Economic Affairs under Maharatna CPSE guidelines, supports India’s goal of achieving 500 GW of non-fossil energy capacity by improving renewable energy evacuation.
The change aims to boost competition in tariff-based bidding, enhance price discovery, and lower electricity costs.
Powergrid reported a 6.8% profit increase in Q3 FY25-26, with revenue rising to Rs 11,005.28 crore, and approved a second interim dividend of Rs 3.25 per share, to be paid on February 27, 2026.
India aumenta el límite de inversión de Powergrid para impulsar proyectos de energía renovable y reducir los costos de la electricidad.