POWERGRID Board Approves ₹485 Crore SCADA Upgrade & Appoints New CFO
POWERGRID's Board approved a ₹485.04 Crore SCADA system upgrade and a JPY 80 billion loan facility. Smt. Anjana Luthra was appointed Company Secretary & Compliance Officer effective June 10, 2026. Shri Venkata S V was appointed Chief Financial Officer effective July 1, 2026.
The decisions involve substantial financial commitments for infrastructure upgrades and debt financing, as well as crucial leadership appointments in finance and company secretarial roles, which will have a significant impact on the company's operations and governance.
The approval of significant capital expenditure for system upgrades and securing a substantial loan facility, along with key management appointments, indicates positive strategic and operational progress for the company.
Power Grid Corporation of India Limited (POWERGRID) announced key decisions made during its Board of Directors 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. Additionally, the company will avail an Unsecured Term Loan Facility of Japanese Yen (JPY) 80 billion from JBIC and Participating Financial Institutions.
In terms of personnel changes, Smt. Anjana Luthra has been appointed as the Company Secretary & Compliance Officer with immediate effect from June 10, 2026. Shri Venkata S V has been appointed as the Chief Financial Officer (CFO) of the Company, effective from July 1, 2026. Smt. Luthra brings over 25 years of experience in corporate secretarial, legal, finance, and compliance functions, having played a role in the company's FPO and Corporate Governance initiatives, as well as the launch and compliance of PGInvIT. Shri Vallurie, a qualified Cost Accountant with over 35 years of experience, possesses extensive expertise in finance functions including resource mobilization, financial concurrence, and has been instrumental in digitizing finance operations and SAP system implementation at POWERGRID. The Board meeting commenced at 5:15 p.m. (IST) and concluded at 6:20 p.m. (IST).
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Power Grid Corporation of India Limited filed this with the NSE as a statutory disclosure, categorised under capex. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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