The board of Power Grid Corporation of India Limited (POWERGRID) has approved multiple strategic decisions, including raising up to ₹5,000 crore through bank facilities, investment in a centralized cybersecurity system for substations, and a transmission partnership project in Uganda.
The company’s 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 to support its financial and operational requirements.
In addition, the board cleared an investment proposal for establishing a Centralized Security Operations Center for Substations – OT SOC, aimed at strengthening cybersecurity across its substation infrastructure. The project will involve an estimated investment of ₹233.96 crore and is expected to be implemented within 24 months from the date of approval by the Central Electricity Regulatory Commission (CERC).
The board also granted in-principle approval to divest its entire equity stake in Central Transmission Utility of India Limited (CTUIL), a wholly owned subsidiary of POWERGRID, to Grid Controller of India Limited (GRID-INDIA). The proposed divestment is part of ongoing structural alignment in India’s power transmission and system operations framework.
Further expanding its international footprint, POWERGRID approved entering into a strategic alliance with Africa50 and Uganda Development Bank (UDB). The collaboration includes signing a framework agreement for developing a transmission project in Uganda under the Independent Power Transmission (IPT) model, marking a step toward expanding Indian transmission expertise into global infrastructure markets.
