POWERGRID has officially confirmed the merger of 28 wholly-owned subsidiary companies into two other wholly-owned subsidiary companies. This significant consolidation, effective from November 2, 2026, was confirmed by the Regional Director, Northern Region Directorate I, Ministry of Corporate Affairs. The move aims to streamline operations and create larger unified entities within the Power Grid group, subject to applicable regulatory approvals.
Major Consolidation Approved
POWERGRID announced on November 3, 2026, the confirmation of schemes for the merger or amalgamation of 28 (Twenty-eight) of its wholly-owned subsidiary companies. These companies will be merged into two other wholly-owned subsidiary companies, creating larger, consolidated entities within the group.
Regulatory Confirmation and Effective Date
The confirmation was received from the Regional Director, Northern Region Directorate I, Ministry of Corporate Affairs, through two separate orders dated November 2, 2026. The schemes are officially set to become active from the Second Day of November Two Thousand Twenty Six (02nd November, 2026). This announcement follows previous board approvals for smaller-scale mergers earlier in 2025.
Detailed Lists of Companies
The company provided detailed lists of both the ‘Transferor Companies’ (those being merged) and the ‘Transferee Companies’ (those absorbing the others) in Annexure-A of the disclosure. Annexure-A details two separate schemes: Scheme/Group-C involving 17 transferor companies and Scheme/Group-D involving 11 transferor companies.
Scheme/Group-C (Order No. Sec 233/AC5797011/RD Delhi)
Transferor Companies:
- POWERGRID Kudankulam Transmission Limited
- POWERGRID Barmer I Transmission Limited
- POWERGRID Bikaner IV Transmission Limited
- POWERGRID Siwani Transmission Limited
- POWERGRID Fatehgarh Barmer Augmentation Transmission Limited
- POWERGRID Ramgarh Transmission Limited
- POWERGRID Bhadla Transmission Limited
- POWERGRID Fatehgarh Transmission Limited
- POWERGRID Bikaner Transmission System Limited
- POWERGRID Narela Transmission Limited
- POWERGRID Khetri Transmission System Limited
- POWERGRID Ajmer Phagi Transmission Limited
- POWERGRID Varanasi Transmission System Limited
- POWERGRID Neemuch Transmission System Limited
- POWERGRID Mithilanchal Transmission Limited
- POWERGRID Medinipur Jeerat Transmission Limited
- POWERGRID Mahan Rewa Transmission Limited
Transferee Company: POWERGRID Ghiror Transmission Limited
Scheme/Group-D (Order No. Sec 233/AC5816474/RD Delhi)
Transferor Companies:
- POWERGRID Sirohi Transmission Limited
- POWERGRID Mandsaur Transmission Limited
- POWERGRID Mewar Transmission Limited
- POWERGRID Beawar-Mandsaur Transmission Limited
- POWERGRID Kurawar Transmission Limited
- POWERGRID Sirohi Khandwa Transmission Limited
- POWERGRID ER NER Transmission Limited
- POWERGRID Chitradurga Bellary Transmission Limited
- POWERGRID Kurnool-III CPETA Transmission Limited
- POWERGRID Jam Khambhaliya Transmission Limited
- POWERGRID Banaskantha Augmentation Transmission Limited
Transferee Company: POWERGRID South Olpad Transmission Limited
Strategic Rationale
This large-scale merger is expected to consolidate the business, creating larger unified entities and reducing the total number of entities within the group. The objective is to achieve operational and management efficiencies, alongside a simplification of administrative tasks and the overall organizational structure.
Source: BSE
