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The potential asset monetisation exercise of state-owned electricity transmission operator Power Grid Corporation of India (PGCIL) could be much lower than the Rs 10,000 crore expected by the government.
Close to Rs 2,000 crore worth of its assets, the company has told its investors, would be eligible for the Infrastructure Investment Trust (InvIT) route. Proceeds from this would be used to pay higher dividend, depending on the profit recognised on such sale of assets or capital expenditure layout, the company said.
Power Grid plans to set up a Special Purpose Vehicle (SPV) wherein it will transfer some of its assets.
