New Delhi – Grid Controller of India Limited (GRID-INDIA), a Miniratna-I and Schedule A CPSE under the Ministry of Power, Government of India, successfully held its 16th Annual General Meeting (AGM) on September 24, 2025, in hybrid mode from its registered office in New Delhi.
The meeting, chaired by CMD Mr. S.C. Saxena, highlighted the company’s operational achievements, financial performance, and future strategic roadmap.
Leadership Participation and Key Approvals
During the AGM, the company’s leadership team and board members addressed the shareholders. Key attendees included:
- Mr. Paresh R. Ranpara, Director (Human Resources)
- Mr. R.K. Porwal, Director (System Operation)
- Mr. Amit Kumar Jain, Director (Finance) & CFO
- Dr. Srikant Nagulapalli and Ms. Anjali Sinha, Government Nominee Directors
- Adv. Ravindra Ramdas Borawake, Independent Director
Company Secretary, representatives from the Ministry of Power, and statutory and secretarial auditors.
Dividends Approved
The shareholders approved the payment of a Final Dividend of ₹63.32 lakh, in addition to the Interim Dividend of ₹569.90 lakh that had already been paid earlier to the Ministry of Power, the sole shareholder.
This brings the total dividend payout for FY 2024–25 to ₹633.22 lakh, reflecting the company’s consistent profitability and commitment to returning value to the government.
Operational Overview and Future Plans
CMD Mr. S.C. Saxena, in his address, provided insights into the company’s operations, recent achievements, and its strategic direction for the coming years. As India’s national grid operator, GRID-INDIA plays a critical role in maintaining grid stability and reliability amid a fast-evolving energy transition.
About GRID-INDIA
Grid Controller of India Limited (GRID-INDIA), formerly POSOCO, is a wholly-owned government enterprise under India’s Ministry of Power responsible for operating the National Load Despatch Centre (NLDC) and the five Regional Load Despatch Centres (RLDCs) to ensure the reliable, economical, and sustainable integrated operation of the Indian power system. Established in 2009, the company facilitates the transfer of electricity, manages competitive wholesale markets, and plays a key role in implementing clean energy initiatives.
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