Power Grid to separate telecos; to foray into data centres

06 Dec 2022 CW Team

According to senior company officials, Power Grid Corporation of India is in the process of separating its telecom vertical into a new fully-owned subsidiary, Powergrid Teleservices, in order to have a "focused approach" and move up the value chain.

The move by the state-owned power transmission company comes as the telecom sector ramps up its 5G service across the country to bring business transformation that can contribute 2% to the national GDP.

The Central Electricity Regulatory Commission (CERC) has also granted the state-owned power transmission company permission to operate data centres.

B Vamsi Rama Mohan, Powergrid's Executive Director (telecom),, stated that after receiving all regulatory approvals, the telecom division will be transferred to the new subsidiary Powergrid Teleservices to provide greater impetus to the business and move up the value chain by entering the data centre business. The regulatory clearance process is currently underway.

Also Read
ADB loan of $300 Million to boost regional trade and roads in India
Rijiju and CM Khandu unveil the PMGSY road projects at U/Subansiri

Infrastructure Urban

20 May 2025

Silawat Launches Projects Worth Rs 120 Million in Sanwer

Water Resources Minister Tulsi Ram Silawat inaugurated and laid foundation stones for over 100 infrastructure projects valued at more than Rs 120 million during a large-scale public event in Sanwer on Sunday.Addressing the gathering, Silawat emphasised the rapid development seen in Sanwer over the past six years. 鈥淒evelopment works worth several crores have been completed across all 15 wards,鈥� he noted. The projects cover a wide range of civic improvements including cement concrete roads, drainage systems, stormwater lines, bridges, anganwadi centres, community halls, cremation grounds, pl..

Infrastructure Urban

20 May 2025

JSW Trust Sells Rs 12.1 Billion Stake to Aid Akzo Deal

The Sajjan Jindal Family Trust has divested a 2 per cent stake in JSW Infrastructure Ltd 鈥� India鈥檚 second-largest commercial port operator 鈥� for Rs 12.1 billion, selling shares to institutional investors including the Government of Singapore. The move is part of efforts to comply with public shareholding norms and potentially fund JSW Group鈥檚 planned acquisition of Akzo Nobel India.Of the total divestment, 0.88 per cent was offloaded directly to Singapore鈥檚 sovereign entity, which acquired approximately 18.4 million shares via block deals at Rs 288 each, amounting to Rs 5.31 billion,..

Infrastructure Transport

20 May 2025

Maharashtra Approves Shipbuilding Policy to Boost Maritime Sector

The Maharashtra government has approved a new shipbuilding policy to bolster the state鈥檚 maritime infrastructure and promote ship repair and recycling industries. The Maharashtra Shipbuilding, Ship Repair, and Ship Recycling Facility Development Policy 2025 was cleared in the latest cabinet meeting, with a Government Resolution (GR) issued on Friday.This move is expected to attract fresh investments, generate employment, and contribute to foreign exchange savings by reducing reliance on overseas shipyards. The policy aligns with the central government鈥檚 Maritime India Vision 2030 and Marit..