Power Grid Corporation of India has been declared the successful bidder to establish an Inter-State Transmission System for Green Hydrogen and Green Ammonia projects in the Kakinada area. The project was awarded under Tariff Based Competitive Bidding (TBCB) and will be executed on a Build, Own, Operate, and Transfer (BOOT) basis. The Letter of Intent was received on June 12, 2026.

The scope of work includes the establishment of a new 765/400kV Gas Insulated Switchgear (GIS) Sub-station, along with STATCOM and 765kV transmission line works. These facilities will be located in the state of Andhra Pradesh. The project is specifically designated as Phase-I for the proposed Green Hydrogen and Green Ammonia initiatives in the region.

Project Details

The following table outlines the key components of the project:

The disclosure was made to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Power Grid Corporation of India has approved a significant infrastructure upgrade and secured a major international loan facility, alongside key senior management appointments, following a Board of Directors meeting held on June 10, 2026. Shri Satyaprakash Dash ceased to be the Company Secretary & Compliance Officer effective June 10, 2026, consequent upon his resignation due to other assignments in the Finance Department.

Project Approval and Loan Facility

The Board approved the upgradation of SCADA (Supervisory Control and Data Acquisition) and Associated Systems of NTAMC/RTAMC at an estimated cost of ₹485.04 crore. In addition, the Board sanctioned an unsecured term loan facility of Japanese Yen (JPY) 80 billion from JBIC (Japan Bank for International Cooperation) and Participating Financial Institutions, providing a significant boost to the company's financial resources.

Key Management Appointments

The Board approved two senior management appointments during the meeting. Smt. Anjana Luthra, General Manager (Company Secretariat), was appointed as the Company Secretary & Compliance Officer with immediate effect from June 10, 2026. Shri Venkata Subrahmanayam Vallurie, Chief General Manager (F&A), was appointed as the Chief Financial Officer (CFO), effective July 1, 2026.

Leadership Profiles

Smt. Anjana Luthra is a Fellow Member of the Institute of Company Secretaries of India (ICSI) with over 25 years of experience. She holds a B.Com. (Hons.) and LL.B. from the University of Delhi. Her expertise includes corporate governance, statutory compliance, mergers and acquisitions, and investor relations. She previously served as the Company Secretary and Compliance Officer of POWERGRID Infrastructure Investment Trust (PGInvIT).

Shri Venkata Subrahmanayam Vallurie is a qualified Cost Accountant with over 35 years of post-qualification experience, including more than 32 years at POWERGRID. His expertise spans resource mobilisation, financial concurrence, ERP, and internal audit. He has been instrumental in digitising finance operations and implementing SAP systems, and currently serves as the Head of Finance of Southern Region-I.

Regulatory Disclosure

The Board meeting commenced at 5:15 p.m. (IST) and concluded at 6:20 p.m. (IST). All appointments and project approvals were disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.