Power Grid Corp Approves ₹485 Crore SCADA Upgrade and Secures JPY 80 Billion Loan

On June 10, 2026, Power Grid Corporation of India approved a ₹485.04 crore upgrade for its SCADA systems and secured an 80 billion JPY loan from the Japan Bank for International Cooperation. The upgrade aims to enhance the monitoring and control capabilities of the national grid, ensuring operational efficiency. Key leadership appointments were also announced, with Shri Venkata Subrahamanayam Vallurie as the new CFO effective July 1, 2026, and Smt. Anjana Luthra as Company Secretary effective immediately. The SCADA upgrade is critical for grid stability, while the loan diversifies funding sources for capital expenditures. The company faces potential risks, including execution delays and currency fluctuations. Power Grid is a major player in India's electricity transmission sector, responsible for managing the national grid's infrastructure.

Key Points: • Power Grid Corp approved a ₹485.04 crore SCADA upgrade on June 10, 2026. • An unsecured loan of 80 billion JPY was secured from JBIC to finance the upgrade. • Key leadership changes include a new CFO and Company Secretary effective July 2026.