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. This administrative adjustment ensures continuity in project oversight while a permanent appointment is finalized.

The company informed the stock exchanges that the decision aligns with 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

Power Grid Corporation of India board approved raising its borrowing limit to ₹35,000 crore for FY27 and proposed an identical limit for FY28 on July 22, 2026, to support capital-intensive transmission projects through domestic bond issuances. The approvals, which require shareholder consent at the upcoming Annual General Meeting, enable the company to raise funds via secured or unsecured, non-convertible, cumulative or non-cumulative, redeemable, taxable or tax-free bonds under private placement. The Board also appointed M/s. R. M. Bansal & Co. and M/s. Chandra Wadhwa & Co. as joint cost auditors for FY27.

The enhancement increases the borrowing cap from ₹30,000 crore to ₹35,000 crore for the current fiscal year, reflecting the company’s ongoing investment cycle in power infrastructure. For FY28, the Board proposed maintaining the borrowing limit at ₹35,000 crore. These proposals were made in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The Board meeting commenced at 7:30 p.m. IST and concluded at 9:30 p.m. IST.

Key Approvals

Cost Auditor Appointments

The Board appointed two firms with extensive experience in the power sector as joint cost auditors for FY27. The appointment was disclosed pursuant to Regulation 30 read with Schedule II of SEBI LODR and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/11/3762/2026 dated January 30, 2026.

M/s. R. M. Bansal & Co., established in 1990, has conducted cost audits for Power Grid from FY2014-15 to FY2019-20 and for FY2024-25 and FY2025-26. The firm, which comprises nine partners and four qualified assistants, has served major PSUs including NTPC Ltd., NHPC Ltd., and Coal India Ltd. M/s. Chandra Wadhwa & Co., established in 2001, has audited Power Grid for FY2018-19, FY2019-20, FY2024-25, and FY2025-26. It has ten partners and five qualified assistants, with clients including GAIL India Ltd., SJVN Ltd., and ONGC.