Powergrid Equity Cap Raised to ₹7,500 Crore
In order to allow the public sector company Powergrid to bid on capital-intensive transmission projects, the Union Cabinet on Tuesday accepted a proposal to raise the equity investment requirement for each subsidiary from Rs 5,000 crore to Rs 7,500 crore. Prime Minister Narendra Modi presided over the Cabinet Committee on Economic Affairs (CCEA), which made … Read more