Power Grid Corporation of India Limited has approved a major corporate restructuring plan that will significantly simplify its group structure. The company’s board has decided to merge 28 wholly-owned subsidiaries into just two existing subsidiaries, in what is being seen as a large consolidation effort across its transmission project entities.
Power Grid operates under the Ministry of Power and is India’s central electricity transmission utility. The company runs one of the largest power transmission networks in the world and plays a crucial role in transporting electricity from generating stations to distribution companies across the country.
Large-scale consolidation plan
The restructuring plan involves merging 28 separate subsidiaries into two entities within the Power Grid group. These subsidiaries were originally created to manage individual transmission projects across different regions of India.
Earlier, the company had planned to merge 11 subsidiaries as part of a restructuring exercise. However, the board later expanded the scope of the plan to include 28 subsidiaries, making the consolidation much larger than initially proposed.
The objective is to simplify the corporate structure and reduce the complexity created by maintaining many separate legal entities.
Board approval and regulatory steps
Power Grid scheduled a board meeting on March 19, 2026, to review and approve the merger scheme. In line with regulatory requirements, the company also closed its trading window between March 17 and March 21, 2026.
The trading window restriction is a standard compliance step taken to prevent insider trading during periods when companies are dealing with unpublished price-sensitive information.
After the completion of the board decision process, the trading window is expected to reopen on March 22, 2026.
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