Power Grid Corporation of India Limited has released its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26 (April 1, 2025 to March 31, 2026), as Annexure-II to the Directors' Report. The report is structured around the nine principles of the National Guidelines on Responsible Business Conduct (NGRBC) and covers the consolidated business activities of POWERGRID, including all fully owned subsidiaries. Assurance for the report was provided by M/s TUV India Pvt. Ltd, with Reasonable Assurance for BRSR Core indicators and Limited Assurance for BRSR Non-Core indicators.

Company Overview and Operations

Power Grid Corporation of India Limited, incorporated in 1989 with CIN L40101DL1989GOI038121, is headquartered at "Saudamini", Plot No.2, Sector 29, Gurugram, Haryana-122001. The company's paid-up capital stands at ₹9,300.60 crore. Power transmission constitutes the primary business activity, accounting for 94.07% of total turnover, with POWERGRID primarily operating in inter-state and intra-state transmission of power across the country.

The company's operational footprint spans 291 substations and 13 offices nationally, in addition to 3 international offices, serving customers across all states and union territories of India and in 6 countries internationally. Exports contributed 0.21% of total turnover. The company holds 76 wholly owned subsidiaries and participates in 12 joint ventures.

Key ESG Performance Highlights for FY 2025-26

Guided by its ESG Vision for 2030 — "Transforming responsibly to a sustainable and greener world" — POWERGRID reported significant progress across environmental, social, and governance dimensions during the reporting period. The company invested ₹205.36 crore directly into environmental initiatives, ₹321.19 crore in R&D and innovation, and ₹391.16 crore towards Corporate Social Responsibility.

Renewable Energy and Decarbonisation

In December 2025, POWERGRID achieved its target of drawing 50% of its monthly electricity consumption from renewable sources. For the full fiscal year FY 2025-26, the renewable share in total electricity consumption stood at 35.74%, contributing to a 17.95% absolute reduction in combined Scope 1 and Scope 2 emissions. Emission intensity dropped to 5.57 metric tonnes CO2 equivalent per ₹ crore of turnover, compared to 6.93 in FY 2024-25. The company's total installed solar PV capacity at its establishments is around 25.70 MW. Additionally, through a wholly owned subsidiary, POWERGRID has installed 85 MW of solar plant at Nagda (MP). In FY 2025-26, 29.36% of auxiliary power consumption needs were fulfilled through the Green Tariff Mechanism. The SF6 gas leakage rate was reduced to 0.06% in FY 2025-26 from 0.15% in FY 2021-22, well below acceptable limits. The company's current green cover consists of 14.42 lakh trees, accounting for an offset of around 12.05% of total emissions. POWERGRID has also contributed ₹19.72 crore for the rejuvenation of 278.76 Ha of degraded forest land in Gujarat under the Green Credit Program.

Workforce and Human Capital

As of the end of FY 2025-26, POWERGRID's total workforce comprised 8,880 employees and 21,609 workers. The company added 1,280 new permanent recruits during the period, bringing its total workforce to 9,745 with 9.34% female representation. A 100% return-to-work rate after parental leave was maintained.

The Board of Directors comprised 10 members, including 1 female (10%). Key Management Personnel totalled 11, including 1 female (9.09%). Well-being expenditure as a percentage of total revenue stood at 0.70% in FY 2025-26, compared to 0.69% in FY 2024-25. In FY 2025-26, a total of 2,166 safety training programmes were conducted for employees and workers. Health and safety training covered 83.00% of total employees and 84.78% of total workers during the year.

Safety Performance

POWERGRID operates a three-tiered safety governance model, with its Occupational Health and Safety Management System certified under ISO 45001:2018. Key safety metrics for FY 2025-26 are presented below.

Governance, Ethics, and Compliance

POWERGRID maintained a zero-tolerance approach to bribery and corruption, supported by its ISO 37001:2016 certified Anti-Bribery Management System. No monetary or non-monetary penalties, fines, or settlements were reported during FY 2025-26. No disciplinary actions for bribery or corruption were taken against any Directors, KMPs, or workers during the year; one employee action was recorded in FY 2024-25. The number of days of accounts payable stood at 54.83 in FY 2025-26, compared to 49.06 in FY 2024-25. Policies were independently assessed by Deloitte Touche Tohmatsu India LLP. The company reported zero data breaches during FY 2025-26 and holds ISO 27001:2022 certification for Information Security Management.

The BRSR was signed by Chairman and Managing Director Burra Vamsi Rama Mohan on July 29, 2026, from Gurugram. Oversight of Business Responsibility policy implementation is held by Director (Operations) Naveen Srivastava (DIN: 10158134). The company's sustainability commitments include achieving net zero emissions by 2047, attaining "Net Water Positive" status by 2030, achieving "Zero Waste to Landfill" status by 2030, and maintaining "Zero Fatality" status across its operations.

Power Grid Corporation of India Limited , a Maharatna Central Public Sector Undertaking under the Ministry of Power, has convened its 37th Annual General Meeting (AGM) for Thursday, 20th August, 2026 at 11:00 A.M. (IST) through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The notice, dated 29th July, 2026, was filed with the National Stock Exchange of India Limited and BSE Limited in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

AGM Key Agenda Items

The ordinary business at the 37th AGM covers adoption of audited standalone and consolidated financial statements for FY 2025-26, confirmation and declaration of dividends, and re-appointment of directors. The special business includes several significant resolutions as outlined below.

Dividend Details for FY 2025-26

The Board of Directors declared two interim dividends and recommended a final dividend for FY 2025-26. The total dividend per share for the year stands at ₹9.00.

The total dividend payout for FY 2025-26 amounts to ₹8,371 crore, including interim dividends of ₹7,208 crore already paid. The dividend payout ratio for the year was 53%.

Special Business Resolutions

The AGM will consider several special resolutions with significant financial implications for the company's capital structure and borrowing programme.

Appointment of Chairman and Managing Director

Shareholder approval is sought for the appointment of Shri Burra Vamsi Rama Mohan (DIN: 09806168) as Chairman and Managing Director, not liable to retire by rotation. He was appointed by the President of India vide Ministry of Power Order No. 25-11/5/2024-PG dated 18th March, 2026, effective 1st April, 2026.

Borrowing Limit Enhancement

The company proposes to enhance its overall borrowing limits from ₹1,80,000 crore to ₹2,20,000 crore. As on 31st March, 2026, total borrowings stood at ₹1,44,556 crore. The company's estimated total borrowing requirement, after accounting for loan repayments of ₹51,072 crore during FY 2026-27 to FY 2028-29, is approximately ₹2,17,246 crore.

Domestic Bond Issuance Limits

Two special resolutions are proposed for domestic bond issuance:

• Enhancement for FY 2026-27: Increase in domestic bond/NCD issuance limit from ₹30,000 crore to ₹35,000 crore. The CAPEX for FY 2026-27 is ₹37,000 crore, of which ₹10,440 crore was spent till 30th June, 2026.
• New Approval for FY 2027-28: Approval to raise funds up to ₹35,000 crore from domestic market through NCDs/Bonds under Private Placement during FY 2027-28. Expected CAPEX for FY 2027-28 is approximately ₹40,000 crore to ₹45,000 crore, with an estimated debt mobilisation of approximately ₹35,000 crore to maintain an 80:20 debt-equity mix.

FY 2025-26 Financial Performance Highlights

The company reported strong financial performance for FY 2025-26. On a standalone basis, total income was ₹46,995.88 crore and Profit After Tax (PAT) was ₹15,921.00 crore, representing a growth of 1.45% and 3.70% respectively over FY 2024-25.

Operational Highlights

During FY 2025-26, Power Grid achieved several operational milestones:

• Transmission system availability of 99.84% with a tripping rate of 0.26
• Addition of 5,772 circuit kilometres (ckm) of transmission lines
• Addition of 72,055 MVA transformation capacity
• Total transmission network reached 1,84,960 ckm across 291 substations
• Commissioned 10 TBCB SPVs during the year
• Secured 9 TBCB projects including 8 inter-State and 1 intra-State
• Secured its first-ever Battery Energy Storage System (BESS) project (150 MW/300 MWh at Kalikiri, Andhra Pradesh)
• Standalone revenue of telecom subsidiary PowerTel: ₹1,195 crore
• Collection efficiency of 101.20% of billing in FY 2025-26

Cost Auditors' Remuneration

The AGM will also ratify the remuneration of Cost Auditors for FY 2026-27. M/s R. M. Bansal & Co. and M/s Chandra Wadhwa & Co. have been appointed as joint Cost Auditors at a remuneration of ₹2,50,000/- (Rupees Two Lakhs Fifty Thousand only) plus applicable taxes, to be shared equally. M/s R. M. Bansal & Co. will additionally receive ₹12,500/- (Rupees Twelve Thousand Five Hundred only) plus taxes as Lead Cost Auditor for consolidation and filing of the Consolidated Cost Audit Report.

The statutory audit fee for FY 2025-26 was fixed at ₹1.92 crore plus applicable taxes. The AGM will authorise the Board to fix appropriate remuneration for Statutory Auditors for FY 2026-27, as the C&AG is yet to appoint them.