Power Grid Corporation of India has received approval from board of directors to transfer 26% residual equity in Powergrid Vizag Transmission to PGInvIT. The board of directors of the company at its meeting held on February 23, 2022 has approved the same. The board also approved relinquishment of Power Grid's right on additional revenue accruing to Power Grid Parli Transmission, Power Grid Warora Transmission and Powergrid Jabalpur Transmission under change in law to PGInvIT against upfront consideration.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.
