POWERGRID’s Board of Directors convened on Monday, March 9, 2026, approving several key strategic initiatives. Approvals include raising up to ₹5,000 Crore via unsecured term loans, investing ₹233.96 Crore in a new Centralized Security Operations Center, granting in-principle approval for the divestment of its entire stake in CTUIL, and forming a strategic alliance for a transmission project in Uganda.
Key Decisions from March 9, 2026 Board Meeting
The Board of Directors of POWERGRID met on Monday, 09th March, 2026, and inter-alia approved several significant proposals spanning fundraising, strategic investment, and divestment.
Fundraising and Capital Expenditure
The Board sanctioned the raising of funds through an Unsecured Rupee Term Loan / Line of Credit (Bank Facility) of up to Rs. 5,000 Crore from the Union Bank of India.
Furthermore, an investment approval was granted for the establishment of a “Centralized Security Operations Center for Substations – OT SOC”. The estimated cost for this critical infrastructure is ₹233.96 Crore, with implementation scheduled within 24 months of receiving approval from the CERC.
Strategic Divestment and Alliance
In a major strategic move, the Board granted In Principle approval for the divestment of its entire equity stake in Central Transmission Utility of India Limited (CTUIL). CTUIL is currently a wholly owned subsidiary of POWERGRID, and the proposed buyer is the Grid Controller of India Limited (GRID-INDIA).
The Board also approved entering into a Strategic Alliance with Africa50 and Uganda Development Bank (UDB). This alliance involves signing a Framework Agreement for the Development of a Transmission Project in Uganda under the Independent Power Transmission (IPT) Model.
Meeting Conclusion
The Board Meeting commenced at 05:50 P.M. and concluded successfully at 07:15 P.M.
Source: BSE
