About Power Grid Corporation of India Limited (POWERGRID)

The Power Grid Corporation of India Limited (POWERGRID) functions as a Government of India enterprise that bases its Registered Office in New Delhi and operates its Corporate Office from Gurugram in Haryana. The Company conducts its transmission business activities as indicated by its specific cost auditor appointments for Transmission operations. POWERGRID executes telecom initiatives through its group platform while its leadership reports business growth of telecom activities along with starting the development of POWERGRID’s first Data Centre. The Company obtains its financing activities through the domestic market where it issues non-convertible debentures/bonds (including Green Bonds and Zero Coupon Bonds) for capital expenditure and associated needs.

The Board and Government nominees maintain oversight of the Company while Annual General Meetings follow the rules from MCA and SEBI circulars. The Company will conduct the 36th AGM as a video conference/OAVM session with the deemed location at the Registered Office on August 26, 2025. Its domestic bonds are rated AAA by CRISIL, ICRA and CARE, underscoring strong credit quality. The report sections provided reference wholly owned subsidiaries and joint ventures, which support project execution and strategic initiatives across the transmission ecosystem.

The recent year marked significant events when the Board authorized increased borrowing capacity to fund capital projects and maintain debt–equity ratios of 80:20 while receiving substantial corporate awards for organizational growth .

Power Grid Corporation of India Limited (POWERGRID) Key Management

• Dr. Yatindra Dwivedi – Director (Personnel)

• Shri Naveen Srivastava – Director (Operations)

• Shri Vamsi Ramamohan Burra – Director (Projects)

• Shri Abhay Bakre – Government Nominee Director

• Shri Shiv Tapasya Paswan – Independent Director

• Shri Rohit Vaswani – Independent Director

• Smt. Sajal Jha – Independent Director

• Satyaprakash Dash – Company Secretary & Compliance Officer

Latest Updates on Power Grid Corporation of India Limited (POWERGRID)

• Fund-raising plans: The Board authorized POWERGRID to increase its domestic borrowing capacity up to Rs 25,000 Crore for FY 2025-26 through private placement of secured/unsecured NCDs/Bonds to finance capital expenditures and refinance/recoup past capital expenditures and provide loans to wholly owned subsidiaries and joint ventures. The Board authorized domestic bond issuances up to Rs 30,000 Crore for FY 2026-27 to support upcoming capital expenditure while maintaining an 80:20 debt–equity ratio.

• Credit ratings: The AAA credit rating of POWERGRID’s domestic bonds from CRISIL, ICRA and CARE allows the company to borrow at comparable rates as AAA-rated PSU corporate bonds.

• Board changes: The appointment of Shri Vamsi Ramamohan Burra as Director (Projects) took place on November 13, 2024 while the nomination of Smt. Sajal Jha as an Independent Director and Shri Abhay Bakre as Government Nominee Director were presented to Members during the 36th AGM .

• Governance and assurance: The company has hired M/s. A. K. Rastogi & Associates to serve as Secretarial Auditor from FY 2025-26 to FY 2029-30 and Members ratified the cost auditors along with their remuneration for FY 2025-26 specifically for the Transmission business .

• Recognition: The international ATD BEST Award 2024 awarded POWERGRID for its strategic talent development methods which produce business outcomes.