Key Appointments and Effective Dates

  • Shri Venkata Subrahamanayam Vallurie assumed charge as Chief Financial Officer (CFO) effective 01st July, 2026. His appointment was approved by the Board of Directors in their meeting held on 10th June, 2026.
  • Smt. Anjana Luthra was appointed as Company Secretary & Compliance Officer effective 10th June, 2026.
  • Both appointments are governed by the Service Rules of POWERGRID.

Corporate Approvals from Board Meeting (10th June, 2026)

The Board of Directors approved the following items during their meeting held from 5:15 PM to 6:20 PM IST on 10th June, 2026:

1. SCADA System Upgrade: Approval for upgradation of SCADA and Associated Systems of NTAMC/RTAMC at an estimated cost of ₹485.04 Crore.

2. Term Loan Facility: Availing Unsecured Term Loan Facility in Japanese Yen (JPY) 80 billion from JBIC and Participating Financial Institutions.

3. Management Appointments: As detailed above.

Profile of Shri Venkata Subrahamanayam Vallurie

  • Qualified Cost Accountant from the Institute of Cost Accountants of India
  • Over 35 years of post-qualification experience
  • Spent more than 32 years with POWERGRID, serving in Regional Headquarter and Corporate Centre
  • Expertise in resource mobilisation, financial concurrence, enterprise resource planning (ERP), financial accounting, and internal audit
  • Instrumental in driving digitization of finance operations including implementation and enhancement of SAP systems
  • Previously served in Finance Department of Northern Region-I and as Head of Finance in Telecom Department
  • Currently serving as Head of Finance (HoF) of Southern Region-I
  • Disclosure of relationships between directors: None

Profile of Smt. Anjana Luthra

  • Fellow Member of the Institute of Company Secretaries of India (ICSI), FCS 5365
  • Holds B.Com. (Hons.) and LL.B. degrees from University of Delhi
  • Aged 48 years with over 25 years of diverse experience across corporate secretarial, legal, finance, and compliance functions
  • Expertise spans corporate governance, statutory and regulatory compliance, mergers and acquisitions, investor relations, financial planning, fund management, taxation, and litigation
  • Contributed to several key assignments including FPO and initiatives that earned prestigious accolades for Corporate Governance
  • Previously served as Company Secretary and Compliance Officer of POWERGRID Infrastructure Investment Trust (PGInvIT), playing a pivotal role in its successful launch, IPO and post-listing compliance
  • Disclosure of relationships between directors: None

Financial Impact

  • The SCADA system upgrade involves capital expenditure of ₹485.04 Crore
  • The term loan facility of JPY 80 billion represents significant foreign currency borrowing
  • Management appointment changes have no immediate quantified financial impact disclosed