New Delhi: State-owned power transmission major POWERGRID Corporation of India Limited has approved major strategic decisions including a ₹485.04 crore SCADA system upgrade, a JPY 80 billion international loan facility, and key senior-level appointments aimed at strengthening governance and financial operations.
The decisions were taken during the company’s Board meeting held on June 10, 2026, which lasted from 5:15 PM to 6:20 PM IST.
₹485 Crore Approved for SCADA System Modernisation
The Board has approved the upgradation of SCADA and associated systems for NTAMC/RTAMC at an estimated cost of ₹485.04 crore.
This modernization project is aimed at:
- Enhancing grid monitoring capabilities
- Improving operational efficiency
- Strengthening real-time power transmission management
The upgrade is expected to significantly improve system reliability across POWERGRID’s national transmission network.
Read also: POWERGRID Commissions Gujarat Transmission Expansion Project to Boost Power Transfer Capacity
JPY 80 Billion Loan Facility from JBIC and Partner Institutions
POWERGRID also approved an unsecured term loan facility of JPY 80 billion from the Japan Bank for International Cooperation (JBIC) along with participating financial institutions.
The funding will support:
- Expansion of transmission infrastructure
- Ongoing capital expenditure requirements
- Strengthening of India’s power grid network
This international financing reflects continued global confidence in India’s power sector infrastructure.
Anjana Luthra Appointed Company Secretary & Compliance Officer
The Board appointed Anjana Luthra, General Manager (Company Secretariat), as the new Company Secretary and Compliance Officer with immediate effect.
She is a Fellow Member of the Institute of Company Secretaries of India (ICSI) and brings over 25 years of experience in:
- Corporate governance
- Legal and regulatory affairs
- Finance and compliance
- Mergers and acquisitions
- Investor relations
She has also contributed significantly to the governance framework of POWERGRID Infrastructure Investment Trust (PGInvIT).
Venkata S V Appointed Chief Financial Officer
The Board also approved the appointment of Shri Venkata Subrahamanyam Vallurie (Venkata S V) as Chief Financial Officer (CFO), effective July 1, 2026.
He is a Cost Accountant with over 35 years of experience, including more than three decades at POWERGRID.
His key contributions include:
- Strengthening financial management systems
- Leading SAP implementation
- Driving digital transformation in finance operations
Focus on Governance and Financial Strengthening
The Board meeting also reaffirmed POWERGRID’s focus on:
- Strong corporate governance
- Financial discipline
- Technology-driven grid management
- Long-term infrastructure expansion
Detailed disclosures of the appointments have been submitted as part of regulatory compliance requirements.
With major investments in grid modernization, international financing support, and strengthened leadership roles, POWERGRID continues to reinforce its position as a key backbone of India’s national power transmission infrastructure.
About POWERGRID
POWERGRID Corporation of India Limited is a Maharatna public sector enterprise under the Ministry of Power, Government of India. It is responsible for bulk transmission of electricity across India and operates one of the largest power transmission networks in the world, playing a critical role in ensuring reliable and efficient power supply across the country.
