The Cabinet Committee on Economic Affairs (CCEA) has raised the permissible equity investment limit for Power Grid Corporation of India (POWERGRID) in its subsidiaries to ₹75 billion (~$825.25 million) per subsidiary, up from ₹50 billion (~$550.17 million). However, POWERGRID’s investments in its subsidiaries must not exceed 15% of its net worth. POWERGRID’s equity investment threshold in subsidiaries was raised under the extant guidelines on the delegation of powers applicable to central public sector enterprises with ‘Maharatna’ status.
