Power Grid okays ₹485cr SCADA, JPY80bn loan in 2026

What the board approved on June 10, 2026

Power Grid Corporation of India Limited (PGCIL) approved a major control systems upgrade and a large overseas borrowing facility at its Board of Directors meeting held on June 10, 2026. The decisions were disclosed through regulatory filings under SEBI’s Listing Obligations and Disclosure Requirements (LODR). Alongside the capex and funding items, the board also cleared senior management changes in the secretarial and finance functions.

The package matters because it combines a technology upgrade for grid operations with a significant loan facility intended to strengthen financial resources. It also reflects a change in two critical governance roles, Company Secretary and CFO, with defined effective dates.

SCADA upgradation: scope and project cost

The board approved the upgradation of SCADA (Supervisory Control and Data Acquisition) and associated systems of NTAMC/RTAMC. The project cost was approved at an estimated ₹485.04 crore. SCADA systems are core to monitoring and controlling network operations, and upgrades typically focus on improving reliability, real-time visibility, and operational coordination.

PGCIL disclosed the approval as part of the board meeting outcome. The company did not provide further technical or timeline details in the provided text beyond the project description and estimated cost. Still, the approval signals continued investment in operational technology and system modernisation.

JBIC funding: JPY 80 billion unsecured term loan

In the same meeting, the board sanctioned an unsecured term loan facility of JPY 80 billion from JBIC (Japan Bank for International Cooperation) and participating financial institutions. The company described this as a measure that provides a “significant boost” to its financial resources.

The board meeting agenda had included consideration of raising funds through an unsecured term loan facility. The final outcome, as disclosed, confirms the approval and names the lender group, led by JBIC. The filing does not specify pricing, tenure, or drawdown schedule in the provided text.

Senior management changes: Company Secretary and CFO

PGCIL announced the resignation of Shri Satyaprakash Dash as Company Secretary & Compliance Officer, effective June 10, 2026. The company stated the cessation was consequent upon his resignation due to other assignments in the Finance Department.

The board appointed Smt. Anjana Luthra, General Manager (Company Secretariat), as Company Secretary & Compliance Officer with immediate effect from June 10, 2026. In addition, Shri Venkata Subrahmanayam Vallurie, Chief General Manager (F&A), was appointed as Chief Financial Officer (CFO) effective July 1, 2026.

Trading window closure timeline disclosed

As part of the compliance framework around board decisions, the company also disclosed that the trading window would remain closed from Friday, June 5, 2026 till Friday, June 12, 2026 (both days inclusive). The trading window was set to reopen on Saturday, June 13, 2026.

Such closures are typically linked to the handling of unpublished price sensitive information around key board decisions. The dates provide investors clarity on the compliance timeline around the June 10 meeting.

Summary of key decisions and effective dates

Context: earlier fund-raise approval from SBI

The June 10 approvals come after another funding-related decision earlier in the year. PGCIL’s board had approved a funding arrangement worth ₹4,000 crore through an unsecured rupee term loan or line of credit facility from State Bank of India. That approval was granted during a board meeting held on April 30, 2026, and was disclosed to stock exchanges as per SEBI requirements.

The sequence indicates PGCIL has used multiple borrowing avenues in 2026, spanning both domestic bank funding and international development-linked funding via JBIC and participating financial institutions.

Other governance updates referenced by the company

The provided text also notes that PGCIL officially disclosed the completion of tenure for two Independent Directors, Shri Shiv Tapasya Paswan and Shri Rohit Vaswani, effective April 15, 2026. Separately, the board composition details in the text list multiple directors, including whole-time and independent directors.

These updates add to a broader set of governance changes during the year, alongside the June 10 changes to the Company Secretary and the CFO role.

Financial and market snapshot mentioned in the data

The article data also includes a historical quarterly performance snapshot: consolidated net profit increased 2.6% to ₹4,028.25 crore, while net sales rose 2.6% to ₹11,549.79 crore in Q3 FY24 over Q3 FY23. It also notes the stock rose 0.55% to ₹276.35 on the BSE (as referenced in that earlier performance context).

While those numbers relate to an earlier period, they provide a baseline reference for PGCIL’s scale of operations and profitability in recent reporting.

Why these decisions matter for investors

The SCADA upgrade approval of ₹485.04 crore reflects continued capital allocation towards operational systems that support grid monitoring and control. For a transmission utility, these systems are critical for reliability and real-time decision-making. The JBIC-led unsecured term loan facility of JPY 80 billion adds an international funding line, potentially diversifying the company’s liability profile.

The management changes are also material from a disclosure and governance perspective. The Company Secretary & Compliance Officer role is central to SEBI compliance and exchange communication, while the CFO role anchors financial reporting and funding execution. The clear effective dates for both roles reduce uncertainty about responsibility during transitions.

Conclusion and what to watch next

Power Grid’s June 10, 2026 board meeting combined three key actions: a ₹485.04 crore SCADA upgrade approval, sanction of a JPY 80 billion unsecured term loan facility from JBIC and participating institutions, and the appointment of new compliance and finance leadership.

The next operational milestones to track from the disclosures are the CFO appointment taking effect on July 1, 2026, and any further regulatory updates on loan terms, drawdowns, or project execution timelines as and when the company files additional details.