Power Grid Corporation of India Limited (POWERGRID) has announced several major strategic decisions after a meeting of its Board of Directors held on March 9, 2026. The meeting took place between 5:50 p.m. and 7:15 p.m., during which the board approved a series of initiatives related to financing, infrastructure development, security upgrades, and international expansion.
One of the key decisions taken during the meeting was the approval to raise up to ₹5,000 crore through an unsecured rupee term loan or line of credit from Union Bank of India. The funding is expected to support the company’s ongoing projects and operational requirements while also strengthening its financial flexibility for future transmission infrastructure development.
The board also approved an investment of ₹233.96 crore to establish a Centralized Security Operations Center for Substations Operational Technology Security Operations Center (OT SOC). The proposed security center aims to strengthen cybersecurity monitoring and protection for POWERGRID’s substations and operational systems. The project will be implemented within a period of 24 months after receiving approval from the Central Electricity Regulatory Commission.
Another important decision taken during the meeting was the “in-principle” approval for the divestment of POWERGRID’s entire equity stake in its wholly owned subsidiary, Central Transmission Utility of India Limited (CTUIL). The stake will be transferred to Grid Controller of India Limited (GRID-INDIA), which is responsible for maintaining the reliability and stability of the country’s power grid.
POWERGRID is also expanding its international presence through a new partnership with Africa50 and Uganda Development Bank. The companies will sign a framework agreement to develop a power transmission project in Uganda under the Independent Power Transmission (IPT) model.
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