PGCIL gets CERC nod for separate firm for telecom, digital technology biz

Power regulator Central Electricity Regulatory Commission (CERC) has approved a proposal of state-run Power Grid Corporation of India Ltd (PGCIL) for incorporation of a wholly owned subsidiary company to undertake telecommunications and digital technology businesses.

In an order issued on July 10, 2021, power regulator CERC said, “We approve the formation of a wholly owned subsidiary company by the petitioner (PGCIL)…. to undertake the telecommunications and digital technology business for the works… as prayed in the petition, with the condition that such a wholly-owned subsidiary company by the petitioner licensee shall not be a transmission licensee or a deemed transmission licensee…”.