Powergrid Corporation of India Limited (POWERGRID) has planned to raise up to Rs 50 billion through an unsecured rupee term loan or line of credit from Union Bank of India. The funds will provide the company with additional financial resources to support its operational and strategic requirements.
Furthermore, the company has also approved an investment to set up a centralised security operations centre for substations. The project is estimated to cost Rs 2.33 billion and aims to enhance cybersecurity and operational monitoring of substations. It is expected to be implemented within 24 months after receiving approval from the Central Electricity Regulatory Commission.
Additionally, POWERGRID will also divest its equity stake in Central Transmission Utility of India, which is currently a wholly owned subsidiary of the company. The proposed divestment involves transferring the stake to the Grid Controller of India.
Earlier in February 2026, Powergrid Narela Transmission, a wholly-owned subsidiary of POWERGRID, commissioned an interstate transmission system in Rajasthan that will enable the evacuation of 8.1 GW of power from solar energy zones in the state.
