Global Infrastructure SherpaPOWERGRID approves in-principle divestment of Central Transmission Utility of India Limited (CTUIL) stake to Grid Controller of India Limited (GRID-INDIA)
Power Grid Corporation of India (POWERGRID) granted in-principle approval to divest its entire equity stake in its wholly-owned subsidiary, Central Transmission Utility of India Limited (CTUIL), to Grid Controller of India Limited (GRID-INDIA). This strategic move, announced on March 9, 2026, aims to streamline POWERGRID's operations and enhance transparency in project awards within the power sector. The divestment requires further regulatory and board approvals.
Counterparts (3)
Subscribe to access full counterpart details, deal analysis, and timeline.
Subscribe from €20/mo →Source Intelligence
POWERGRID granted in-principle approval to divest its entire equity stake in its wholly-owned subsidiary, Central Transmission Utility of India Limited (CTUIL). The strategic move aims to streamline POWERGRID's operations and enhance transparency in project awards within the power sector. The divestment requires further regulatory and board approvals. CTUIL was incorporated in 2021. The proposal to divest CTUIL and merge it with GRID-INDIA has been under consideration for some time, aimed at avoiding conflicts of interest in project awards.
"Power Grid Corporation of India (POWERGRID) ... granted in-principle approval to divest its stake in subsidiary CTUIL"
"divest its entire equity stake in its wholly-owned subsidiary, Central Transmission Utility of India Limited (CTUIL)"
"divest its stake in subsidiary CTUIL to GRID-INDIA."
Timeline
Get the full picture — timeline, source intelligence, and counterpart analysis.
Subscribe from €20/mo →