POWERGRID board approves Rs 5,000 crore fund raise, CTUIL divestment plan
The Board of Directors of Power Grid Corporation of India Limited (POWERGRID) has approved several decisions during its meeting held on March 9, 2026, including a fund raising plan, investment in cybersecurity infrastructure, and an in-principle approval to divest its wholly owned subsidiary, Central Transmission Utility of India Limited (CTUIL). In a regulatory filing to the stock exchanges, POWERGRID stated that the board has authorised the raising of funds through unsecured rupee term loans or…