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Cabinet Approves Asset Monetization of Power Grid Corporation Through InvIT Model

PGCIL is expected to monetize assets worth over ₹70 billion in the first lot

September 10, 2020

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The Ministry of Power (MoP) announced that the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the asset monetization of the Power Grid Corporation of India Limited (PGCIL) through the Infrastructure Investment Trust (InvIT) model.

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