New Delhi, 24 February (H.S.): The Union Cabinet approved hiking Power Grid Corporation of India's per-subsidiary equity investment limit from ₹5,000 crore to ₹7,500 crore Tuesday, retaining the 15% total asset cap, to accelerate renewable integration toward 500 GW non-fossil targets.

UHVAC-HVDC Mega-Bids, Competitive Tariffs Unlocked

Chaired by PM Narendra Modi, the CCEA decision—announced by I&B Minister Ashwini Vaishnaw—empowers India's premier transmission utility for capital-intensive ultra-high voltage AC/DC projects via tariff-based competitive bidding, ensuring optimal pricing and affordable clean energy for consumers.

Core Business Expansion, RE Utilization Surge

Enhanced firepower bolsters PowerGrid's participation in transmission network expansions, slashing congestion while optimizing renewable evacuation—aligning with national green ambitions through strategic subsidiary deployments.

---------------

Hindusthan Samachar / Jun Sarkar