transmission sector

India | Finance | News

POWERGRID board approves Rs 5,000 crore fund raise, CTUIL divestment plan
By March 10, 2026March 10, 2026

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…

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India | Finance | News

Bajel Projects reports margin expansion in Q3 FY26 results
By February 6, 2026February 6, 2026

Bajel Projects Limited announced its financial results for the third quarter and nine-month period ended December 31, 2025, reporting a sharp improvement in profitability. The company said the expansion in margins was driven by a strategic shift toward higher value and more complex power transmission projects. For the nine-month period of FY26, Bajel Projects Limited reported EBITDA of Rs 87 crore, up from Rs 63 crore in the same period last year. EBITDA margins improved…

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India | Leadership | News

POWERGRID promotes twelve officials to Executive Director roles
By January 27, 2026January 27, 2026

Power Grid Corporation of India Limited (POWERGRID) has informed the stock exchanges that it has promoted twelve senior officials to the position of Executive Director, effective 25 January 2026. The promoted officials are classified as Senior Management Personnel, one level below the Board. The appointments include Abhinav Verma, Executive Director for Rajasthan Projects; Vineeta Agarwal, Chief Executive Officer of Powergrid Energy Services Limited (PESL); M S Hejib, Executive Director for Southern Region II (SR-II); Akhilesh…

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India | News

Centre explores PLI scheme for localising power transmission supply chain
By October 15, 2024October 15, 2024

The Indian government is considering various incentive options, including a production-linked incentive (PLI) scheme, to localise equipment for the power transmission sector, according to Union Power Secretary Pankaj Agarwal. Speaking at a Central Electricity Authority (CEA) event, Agarwal encouraged industry stakeholders to explore ways to localise the supply chain for transmission equipment. At the same event, Union Power Minister M L Khattar launched the National Electricity Plan (Transmission), which proposes adding over 1,91,000 ckm of…

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