Power Grid Corporation of India Limited (POWERGRID) has approved the merger and amalgamation of 28 wholly owned subsidiaries into two other wholly owned subsidiaries, as part of its ongoing restructuring initiative aimed at improving operational efficiency and simplifying the organisational structure. The decision was taken by the company’s Board of Directors at its meeting held on March 19, 2026.
The approval replaces the earlier proposal cleared on December 20, 2025, under which 11 wholly owned subsidiaries were to be merged into two subsidiaries. The revised plan expands the scope of consolidation to include a total of 28 subsidiaries, which will now be merged into two existing wholly owned subsidiaries, subject to approvals from statutory, regulatory, government, or other competent authorities as required.
POWERGRID stated that the merger schemes are part of its broader strategy to consolidate business operations, reduce the number of entities within the group, and create larger unified entities for better management efficiency. The restructuring is also expected to simplify administrative processes and enable a more streamlined organisational framework across the company’s transmission business.
The company informed the stock exchanges that further developments regarding the merger schemes will be communicated in due course after obtaining the necessary approvals from the concerned authorities.
About POWERGRID Ltd: POWERGRID Corporation of India Ltd is a central public sector undertaking under the Ministry of Power, responsible for high-voltage electricity transmission across India. With a focus on reliability, efficiency, and grid modernization, POWERGRID plays a pivotal role in ensuring India’s energy security and sustainable power infrastructure.
