Key Details of Approvals:
POWERGRID: The Cabinet Committee on Economic Affairs (CCEA) approved an enhanced delegation to POWERGRID under Department of Public Enterprises (DPE) under Ministry of Finance (MoF), guidelines for Maharatna Central Public Sector Enterprises (CPSEs).
- The permissible equity investment per subsidiary was increased from Rs. 5,000 crore to Rs. 7,500 crore, while retaining the existing 15% net worth cap.
Metro Extension: The Union Cabinet approved the extension of the metro corridor from GIFT City to Shahpur, spanning 3.33 kilometers (km) with three elevated stations. Estimated project cost is Rs. 1,067.35 crore with a completion timeline of approximately four years.
Civil Enclave: The CCEA approved the development of a Civil Enclave at Srinagar International Airport, Budgam Airbase, J&K at an estimated cost of Rs. 1,677 crore.
Railway projects: The CCEA approved three multitracking projects under the Ministry of Railways (MoR) at a total cost of Rs. 9,072 crore. The approved projects include the Gondia–Jabalpur Doubling (Maharashtra–Madhya Pradesh, MP), Punarakh–Kiul 3rd and 4th line (Bihar), and Gamharia–Chandil 3rd and 4th line (Jharkhand).
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