Cabinet approves asset monetization of subsidiaries of PGCIL through Infrastructure Trust

The Cabinet Committee on Economic Affairs has approved Asset Monetization of subsidiaries of Power Grid Corporation of India Limited- POWERGRID through Infrastructure Investment Trust. It has given approval to POWERGRID  to undertake monetization of its Tariff Based Competitive Bidding (TBCB) assets, held in existing Special Purpose Vehicle (SPVs), through Infrastructure Investment Trust (InvIT).   The approval would facilitate POWERGRID, to undertake asset monetization of its identified TBCB tr...