Power Grid Corporation of India Limited has informed the Exchange regarding Outcome of the Board Meeting.
POWERGRID · price
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Power Grid Corporation's board, which met on March 9, 2026, approved four key decisions. First, it cleared raising up to Rs 5,000 crore through an unsecured rupee term loan or line of credit from Union Bank of India. Second, it approved an investment of Rs 233.96 crore to set up a Centralized Security Operations Center (OT SOC) for substations, to be implemented within 24 months of CERC approval. Third, it gave in-principle approval to sell its entire equity stake in wholly owned subsidiary Central Transmission Utility of India Ltd (CTUIL) to Grid Controller of India Ltd (GRID-INDIA). Fourth, it approved a strategic alliance with Africa50 and Uganda Development Bank for developing a transmission project in Uganda under the Independent Power Transmission model.
The Rs 5,000 crore debt raise is in line with PowerGrid's regular borrowing programme for its capex pipeline. The proposed divestment of CTUIL, a key subsidiary that functions as the central transmission utility, is a notable structural change that investors should watch closely. The Uganda alliance signals continued international expansion beyond domestic operations.