Power Grid Corporation of India promotes Dharambir Kumar as Executive Director

Power Grid Corporation of India has promoted Dharambir Kumar to the position of Executive Director (ED) effective July 1, 2026. The appointment elevates Kumar to the role of Senior Management Personnel, reporting one level below the Board of Directors. He will continue to head the National Project Monitoring Control Center (NPMCC) department, leveraging his extensive expertise in project execution.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The term of appointment will be governed by the service rules of Power Grid Corporation of India.

Dharambir Kumar is an Electrical Engineering graduate from B R Ambedkar Bihar University, Muzaffarpur. He brings more than 30 years of extensive experience in substation operation and maintenance, as well as substation construction. His professional background includes the execution of prestigious projects such as the Comprehensive Scheme for Strengthening of Transmission and Distribution of Arunachal Pradesh.

Kumar has played a pivotal role in the development of the Green Energy Corridor for the evacuation of Renewable Energy. The NPMCC department, which he now leads as Executive Director, closely coordinates with all stakeholders involved in substation and transmission line construction.

Appointment Details

Sr. No.	Name of Senior Management Personnel	Reason for Change	Date of Appointment	Brief Profile
1.	Dharambir Kumar	Promoted as Executive Director	July 1, 2026	Electrical Engineering graduate with over 30 years of experience in substation operations and construction. Headed NPMCC and contributed to the Green Energy Corridor project.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.05%	+0.26%	+0.47%	+10.57%	-4.15%	+122.48%

Power Grid Corporation of India is set to receive a significant international financing boost, as Japan Bank for International Cooperation (JBIC) along with Japanese banks have announced plans to provide a loan of ¥80 billion to the company. This marks a notable cross-border financial arrangement involving one of India's premier power transmission utilities and prominent Japanese financial institutions.

Key Details of the Financing Arrangement

The loan agreement involves JBIC alongside Japanese banks as co-lenders, collectively committing ¥80 billion to Power Grid Corporation of India. The following table summarizes the key parameters of this financing deal as disclosed:

Parameter:	Details
Lenders:	Japan Bank for International Cooperation and Japanese Banks
Borrower:	Power Grid Corporation of India
Loan Amount:	¥80 billion

Significance of the Deal

The involvement of JBIC — a Japanese government-backed financial institution — alongside private Japanese banks highlights the international confidence in Power Grid Corporation of India's operations and financial standing. Such bilateral financing arrangements between Japanese institutions and Indian infrastructure companies have been an important avenue for large-scale capital mobilization in the Indian power sector.

Power Grid Corporation of India is a central transmission utility responsible for the inter-state transmission of electricity across India, making it a strategically significant entity within the country's energy infrastructure landscape. The ¥80 billion loan from JBIC and Japanese banks represents a substantial international funding commitment to the company.