Power Grid Approves ₹485 Crore SCADA Upgrade & JPY 80B Loan; Appoints New CFO
Power Grid Corporation of India Limited's Board approved a ₹485.04 Crore upgrade for SCADA systems and a JPY 80 billion loan from JBIC. Smt. Anjana Luthra was appointed Company Secretary & Compliance Officer effective June 10, 2026. Shri Venkata S V will take over as CFO from July 1, 2026.
The approved capital expenditure for SCADA systems and the debt financing are significant financial decisions that will impact the company's infrastructure and financial leverage. The appointment of key managerial personnel is also crucial for operational continuity and strategic direction.
The announcement details routine corporate actions such as system upgrades, loan availing, and key management appointments, which are standard operational updates and do not inherently suggest a positive or negative shift in the company's outlook.
Power Grid Corporation of India Limited (POWERGRID) announced the outcome of its Board Meeting held on June 10, 2026. The Board approved the upgradation of SCADA and Associated Systems of NTAMC/RTAMC at an estimated cost of ₹485.04 Crore.
Furthermore, the company will avail an Unsecured Term Loan Facility of Japanese Yen (JPY) 80 billion from JBIC and Participating Financial Institutions. The Board also approved the appointment of Smt. Anjana Luthra as Company Secretary & Compliance Officer, effective immediately on June 10, 2026. Shri Venkata S V has been appointed as the Chief Financial Officer (CFO) of the company, with his term commencing from July 1, 2026.
The Board Meeting started at 5:15 p.m. (IST) and concluded at 6:20 p.m. (IST). Smt. Anjana Luthra, with over 25 years of experience in corporate secretarial, legal, finance, and compliance, holds a B.Com. (Hons.) and LL.B. degree from Delhi University. Shri Venkata S V, a qualified Cost Accountant with over 35 years of experience, has a significant background within POWERGRID in various finance functions, including resource mobilization and financial accounting.
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Power Grid Corporation of India Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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