Power Grid Corporation of India approves SCADA upgrade and secures Japanese Yen loan facility
The Board of Directors of Power Grid Corporation of India Limited has approved several key strategic initiatives, including a significant systems upgradation and the successful arrangement of an unsecured term loan facility. The Board also formalized two critical leadership appointments within the organization.The decisions covered in the meeting include financial infrastructure enhancements and executive manpower changes. These approvals are aimed at strengthening the company's operational capability and financial standing.
Major Financial Approvals and Facilities
The Board meeting considered and approved major investments concerning technology and debt financing:| Facility/Upgrade | Details | Cost/Amount |
|---|---|---|
| SCADA System Upgradation (NTAMC/RTAMC) | Approval for the upgradation of SCADA and associated systems. | ₹485.04 Crore |
| Unsecured Term Loan Facility | Availing a term loan facility in Japanese Yen (JPY). | 80 billion from JBIC and Participating Financial Institutions |
Key Appointments Made by the Board
The Board approved two crucial appointments related to corporate governance and senior management roles.Smt. Anjana Luthra was appointed as Company Secretary and Compliance Officer with immediate effect. She possesses over 25 years of diverse experience spanning corporate secretarial, legal, finance, and compliance functions. Smt. Luthra is a Fellow Member of the Institute of Company Secretaries of India (ICSI), holding degrees in B.Com. (Hons.) and LL.B. from the University of Delhi. During her tenure at Power Grid, she contributed to several key assignments and played a pivotal role in the launch and compliance requirements of PGInvIT.
Additionally, Shri Venkata S V was appointed as Chief Financial Officer (CFO) with effect from July 1, 2026. Shri Venkata S V is a qualified Cost Accountant with over 35 years of post qualification experience. He has spent more than 32 years at Power Grid, possessing extensive expertise in resource mobilization, financial concurrence, enterprise resource planning (ERP), and internal audit.
The professional details of the appointed personnel are provided below:
| Name | Role & Effective Date | Brief Profile Highlights |
|---|---|---|
| Smt. Anjana Luthra | Company Secretary & Compliance Officer (Appointed June 10, 2026) | Fellow Member of ICSI with over 25 years in corporate secretarial, legal, finance, and compliance functions. |
| Shri Venkata S V | Chief Financial Officer (Effective July 01, 2026) | Qualified Cost Accountant with more than 35 years' experience and extensive expertise in finance functions including ERP and internal audit. |
POWERGRID Stock Price Movement
Power Grid Corporation of India Limited shares gained 0.47% today, finishing in post-market trading at ₹287.2 after a steady session. The stock traded within a tight intraday range, establishing a low of ₹284.05 and reaching a high of ₹289.5 during the market hours.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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