CCEA approves asset monetisation by PGCIL, to garner Rs 7,000 crore in first lot sale
The Cabinet Committee on Economic Affairs (CCEA) on Tuesday approved asset monetisation of subsidiaries of Power Grid Corporation of India Ltd (PGCIL) through infrastructure investment trust which would help the firm garner Rs 7,000 crore in the first lot.
“The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, in a path breaking reform, has approved monetisation of assets of POWERGRID through Infrastructure Investment Trust (InvIT) model,” an official statement said.
