Power Grid extends CMD's additional charge of Director (Projects) for 3 months

1 min read Updated on 23 Jul 2026, 05:53 PM

Reviewed by

Riya DScanX News Team

AI Summary

Power Grid Corporation of India Ltd has extended the additional charge of Director (Projects) held by Chairman & Managing Director Burra Vamsi Rama Mohan for three months effective July 1, 2026. The extension follows a Ministry of Power order and remains valid until a regular incumbent assumes charge or further orders are issued.

*this image is generated using AI for illustrative purposes only.

Power Grid Corporation of India has extended the additional charge of Director (Projects) held by its Chairman & Managing Director, Burra Vamsi Rama Mohan, for a further period of three months effective July 1, 2026. The extension is subject to the assumption of charge by a regular incumbent or further orders, whichever occurs earlier, pursuant to a Ministry of Power order dated July 23, 2026.

The company informed the stock exchanges that the decision aligns with the Ministry of Power Order No. 25-11/3/2026-PG(MoP)-Part(1). This move follows an earlier intimation on April 6, 2026, wherein Burra Vamsi Rama Mohan was initially entrusted with the additional charge for three months starting April 1, 2026.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted by Anjana Luthra, Company Secretary & Compliance Officer.

Extension Details

Detail	Information
Person	Burra Vamsi Rama Mohan
Designation	Chairman & Managing Director
Additional Charge	Director (Projects)
Extension Period	3 months
Effective Date	July 1, 2026
Authority	Ministry of Power Order No. 25-11/3/2026-PG(MoP)-Part(1)
Regulation	SEBI LODR Regulation 30

Historical Stock Returns for Power Grid Corporation of India

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.17%	+3.24%	+0.02%	+11.78%	-2.69%	+120.88%

What criteria will the Ministry of Power use to select the regular incumbent for the Director (Projects) position?

How might the extended additional charge impact the execution efficiency of Power Grid's ongoing project pipeline?

Is there a risk of further extensions beyond September 2026 if a new appointment is not finalized?

Read Next Article

Power Grid raises borrowing limit to ₹35,000 crore for FY27

1 min read Updated on 23 Jul 2026, 02:37 AM

Reviewed by

Naman SScanX News Team

Add as a preferred
source on Google

AI Summary

Power Grid Corporation of India Ltd's board approved increasing the borrowing limit to ₹35,000 crore for FY27 and proposed a similar limit for FY28. The board also appointed M/s. R. M. Bansal & Co. and M/s. Chandra Wadhwa & Co. as joint cost auditors for FY27. Shareholder approval is required for the borrowing proposals.

*this image is generated using AI for illustrative purposes only.

Power Grid Corporation of India Ltd's board has approved raising the company's borrowing limit to ₹35,000 crore for the financial year 2026-27 and proposed a borrowing limit of ₹35,000 crore for the following year. The decision, taken on July 22, 2026, aims to facilitate fund raising through various sources including domestic bonds under private placement. The proposals are subject to shareholder approval at the ensuing Annual General Meeting.

The board approved the enhancement of the borrowing limit from ₹30,000 crore to ₹35,000 crore for FY27. For FY28, the proposal is to borrow funds of up to ₹35,000 crore. The funds will be raised via secured or unsecured, non-convertible, cumulative or non-cumulative, redeemable, taxable or tax-free domestic bonds.

In addition to financial approvals, the board appointed M/s. R. M. Bansal & Co., Cost Accountants and M/s. Chandra Wadhwa & Co., Cost Accountants as joint cost auditors for FY27. Both firms have previously conducted cost audits for the company.

The meeting commenced at 7:30 p.m. IST and concluded at 9:30 p.m. IST. The disclosures were made in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.