Power Grid Corporation of India Limited (POWERGRID) has received approval from the Ministry of Corporate Affairs (MCA) for the merger of 28 wholly owned subsidiary companies into two other wholly owned subsidiaries. The Regional Director, Northern Region Directorate I, confirmed the schemes through two separate orders dated November 2, 2026.
The POWERGRID merger schemes became effective from November 2, 2026, as specified in the orders.
POWERGRID Merger: Details of the Two Schemes
Under Scheme/Group-C, POWERGRID Ghiror Transmission Limited will serve as the transferee company. The scheme covers 17 wholly owned subsidiaries as transferor companies. These include POWERGRID Kudankulam Transmission Limited, POWERGRID Barmer I Transmission Limited and POWERGRID Bikaner IV Transmission Limited, among others.
Under Scheme/Group-D, POWERGRID South Olpad Transmission Limited will be the transferee company. The scheme covers 11 wholly owned subsidiaries, including POWERGRID Sirohi Transmission Limited, POWERGRID Mandsaur Transmission Limited and POWERGRID Mewar Transmission Limited.
Simplifying Corporate Structure
The mergers aim to simplify the corporate structure of POWERGRID’s wholly owned subsidiaries by consolidating 28 entities into two companies.
POWERGRID disclosed the development to the stock exchanges under Regulation 30 of the SEBI Listing Regulations.
