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Power Grid Corporation of India Limited ( (IN:POWERGRID) ) has issued an update.
Power Grid Corporation of India Limited’s board has approved a merger and amalgamation scheme involving 13 wholly owned subsidiaries, under which 11 subsidiaries will be consolidated into two remaining wholly owned subsidiaries, subject to statutory and regulatory approvals. The move is aimed at creating larger unified entities, reducing the number of group companies, and achieving operational, managerial and administrative efficiencies through a simplified organisational structure, which is expected to streamline governance and improve overall group management.
More about Power Grid Corporation of India Limited
Power Grid Corporation of India Limited is India’s central government-owned power transmission utility, operating in the electricity transmission and related infrastructure sector. The company develops, owns and operates interstate and inter-regional transmission networks, playing a critical role in delivering power across the country and supporting the broader power and energy market.
Average Trading Volume: 747,711
Technical Sentiment Signal: Hold
Current Market Cap: 2451.2B INR
Learn more about POWERGRID stock on TipRanks’ Stock Analysis page.