powergrid infrastructure has appointed Shri K Nagraj Bhat as the Chief Executive Officer (CEO) of its Investment Manager, POWERGRID Unchahar Transmission Limited (PUTL). The appointment is effective June 23, 2026. Bhat, a veteran with over 30 years of experience in the power transmission sector, takes charge immediately following the approval by PUTL's Board of Directors.

The Board of Directors of PUTL, serving as the Investment Manager to PGInvIT, approved the appointment during its meeting on Tuesday, June 23, 2026. Bhat was serving as Chief General Manager at Power Grid Corporation of India Limited (POWERGRID) prior to this elevation. His extensive background includes roles in commercial operations, project implementation, and corporate planning.

Bhat holds a Bachelor's degree in Electrical Engineering from Shri Govind Ram Sekesaria Institute of Technology, Indore, and an MBA in Finance & Marketing from Nagpur University. He joined POWERGRID in 1993 as part of the first batch of Executive Engineer Trainees (EET). Throughout his tenure, he has managed diverse functions such as Operation & Maintenance of Substations, Contracts & Materials, and Corporate Social Responsibility (CSR).

Key Professional Achievements

Bhat has played a pivotal role in securing multilateral financing for POWERGRID from institutions including the Asian Development Bank (ADB), World Bank, and KfW. He has also been instrumental in strategic planning, contributing to the organization's Five Year and Annual plans. His recent work involved developing trained manpower resources at SDC Malda under POWERGRID's CSR initiative to support the Government of India's infrastructure targets.

Neela Das has resigned from the position of Chief Executive Officer of POWERGRID Unchahar Transmission Limited (PUTL), the Investment Manager to powergrid infrastructure , effective June 15, 2026. The resignation was tendered due to other assignments within Power Grid Corporation of India Limited (POWERGRID), following a transfer order dated June 1, 2026.

The cessation of Das as CEO is effective immediately from June 15, 2026. There are no material reasons for the resignation other than the transfer to other assignments within the parent organization. A copy of the resignation letter has been submitted to the stock exchanges.

Resignation Details

The resignation was communicated to the Board of Directors of POWERGRID Unchahar Transmission Limited and the stock exchanges. The transfer order reference number is T-0067/2026.

The information was disclosed by Shwetank Kumar, Company Secretary & Compliance Officer of POWERGRID Unchahar Transmission Limited, on behalf of the Investment Manager of PGInvIT.