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The latest update is out from Power Grid Corporation of India Limited ( (IN:POWERGRID) ).
Power Grid Corporation of India’s board has approved a revised consolidation plan to merge 28 wholly owned subsidiaries into two other wholly owned units, superseding an earlier proposal that covered 11 subsidiaries. The expanded amalgamation, which remains subject to statutory and regulatory clearances, is aimed at creating larger unified entities, reducing the number of group companies, and improving operational, managerial and administrative efficiency through a simpler organisational structure.
The latest decision builds on the board’s December 2025 approval, where it had cleared the merger of 13 subsidiaries, including combining 11 into two existing units, as part of a broader internal reorganisation. By deepening the consolidation, Power Grid seeks to streamline its corporate architecture, potentially lowering compliance burdens and enhancing oversight, which could benefit stakeholders through more efficient management of its extensive transmission asset base.
More about Power Grid Corporation of India Limited
Power Grid Corporation of India Limited is a state-run power transmission utility in India, operating high-voltage electricity transmission networks across the country. The company focuses on building, owning and maintaining grid infrastructure through a mix of direct operations and wholly owned subsidiaries that execute specific transmission projects and related activities.
Average Trading Volume: 575,504
Technical Sentiment Signal: Strong Buy
Current Market Cap: 2778.6B INR
Find detailed analytics on POWERGRID stock on TipRanks’ Stock Analysis page.