Power Grid Corporation of India has announced a significant leadership change with the retirement of its Chairman & Managing Director due to superannuation, marking a major transition in the company's top management.

Chairman & Managing Director Retirement

The company disclosed that Dr. Ravindra Kumar Tyagi, Chairman & Managing Director, has ceased to hold his position effective March 31st, 2026, upon attaining the age of superannuation. This represents the most senior leadership change at the state-owned transmission utility.

Executive Transition Details

The cessation details for the top leadership position are outlined below:

Additional Management Changes

Alongside the CMD's retirement, the company had earlier announced the cessation of two Executive Directors - Shri Ashwani Kumar Gupta (DIN: 09194985) and Shri Jasbir Singh (DIN: 11175869) - also due to superannuation on the same date, indicating a broader management transition at senior levels.

Regulatory Compliance

The disclosure was made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal communication was addressed to both the National Stock Exchange of India Limited and BSE Limited, referencing the company's NSE Scrip ID: POWERGRID and BSE Scrip Code: 532898.

The notification was digitally signed by Satyaprakash Dash, Company Secretary & Compliance Officer, on April 1st, 2026, ensuring full compliance with regulatory requirements for changes in key managerial positions.

Power Grid Corporation of India has successfully commissioned a major transmission infrastructure project for power evacuation from Nepal's Arun-3 Hydroelectric Project. The company announced this significant development through a regulatory filing on 27.03.2026, marking another milestone in cross-border power transmission.

Project Commissioning Details

The transmission system project was commissioned with effect from 03.09.2023, specifically covering the Indian portion of the infrastructure for M/s SAPDC (Satluj Jal Vidyut Nigam and Arun-3 Power Development Company). The commissioning follows the regulatory framework established under CERC (Terms and Conditions of Tariff) Regulations, 2019.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The commissioning aligns with CERC (Central Electricity Regulatory Commission) Order 210/TT/2024 dated 10.03.2026, ensuring full regulatory compliance for the cross-border transmission infrastructure.

Strategic Significance

This transmission system plays a crucial role in facilitating power evacuation from the Arun-3 Hydroelectric Project, one of Nepal's significant power generation facilities. The successful commissioning of the Indian portion of the transmission infrastructure demonstrates POWERGRID's expertise in executing complex cross-border power transmission projects.

The project enhances the power transmission connectivity between India and Nepal, supporting regional energy cooperation and grid integration initiatives. The 900 MW capacity represents substantial power evacuation capability for the hydroelectric project.