
Board Meeting10 Jun 2026, 07:51 pm
Power Grid Board Approves ₹485 Cr Upgrade, JPY Loan, New CFO
AI Summary
Power Grid Corporation of India Ltd's Board of Directors met on June 10, 2026, approving several key decisions. These include the upgradation of SCADA and Associated Systems at an estimated cost of ₹485.04 Crore. The company will also avail an unsecured term loan facility of JPY 80 billion from JBIC and participating financial institutions. Additionally, the board approved the appointment of Smt. Anjana Luthra as Company Secretary & Compliance Officer and Shri Venkata S V as Chief Financial Officer (CFO) effective July 1, 2026. The meeting commenced at 5:15 p.m. IST and concluded at 6:20 p.m. IST.
Key Highlights
- Board approved SCADA system upgrade costing ₹485.04 Crore.
- Company to secure JPY 80 billion unsecured term loan from JBIC.
- New Company Secretary & Compliance Officer appointed.
- New Chief Financial Officer (CFO) appointed effective July 1, 2026.
Price Impact
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