Power Grid planning Rs 40,000-cr subsea interconnection with Middle East in 5 yrs

Power Grid announced plans for an undersea interconnection project with countries in the Middle East worth up to Rs 40,000 crore. It aimed to boost growth with an Rs 18,000 crore investment this fiscal year. Discussions included Oman, Saudi Arabia, and UAE. The company focused on renewable energy projects and diversifying into smart meters and data centers.