Shri Rajesh Kumar and Shri A. Nagaraju, Executive Directors (ED) of POWERGRID, have ceased to be ED w.e.f. 30 Jun 2025, upon attaining the age of superannuation.
Power Grid Corporation of India Limited (POWERGRID) was levied a fine of ₹5,42,800 (including GST) by BSE Limited for non-compliance with Regulation 57(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The non-compliance relates to the non-submission of information concerning interest payment obligation for its Unsecured, Redeemable, Non-Convertible, Non-Cumulative, Taxable, 7.74% POWERGRID Bond LXI Issue.
POWERGRID clarified that the interest amount of ₹232.20 crore was paid to bondholders on the due date, 12 December 2024, and this information was also emailed to BSE on the same date.
The company had requested BSE to waive the fine.
However, BSE, via an email communication dated 9 June 2025, informed POWERGRID that its request for a waiver could not be acceded to.
The matter was placed before POWERGRID's Board of Directors in a meeting held on 10 June 2025.
The Board decided to further pursue the matter with BSE.
Power Grid Corporation of India Limited (POWERGRID) has successfully commissioned the project titled "Transmission Network Expansion in Gujarat to increase ATC from ISTS, Part-C".
The project was commissioned with effect from 03rd April, 2025.
The Notification for Commercial Operation (DOCO) for this project was received by the company on 05th June, 2025.
Power Grid Corporation of India Limited (POWERGRID) acquired MEL Power Transmission Limited on 04.06.2025 through Tariff Based Competitive Bidding (TBCB).
MEL Power Transmission Limited will establish a "Transmission System for evacuation of power from Mahan Energen Limited Generating Station in Madhya Pradesh" on a build, own, operate, and transfer (BOOT) basis.
The project includes a 400kV D/C Transmission Line and associated bays at the existing Rewa PS (PG) sub-station in Madhya Pradesh.
The acquisition cost is approximately ₹8.53 Crore, including 10,000 equity shares at par at ₹10 each, along with assets and liabilities of MPTL as of the acquisition date, subject to adjustments based on audited accounts.
POWERGRID now holds 100% shareholding in MPTL.
MPTL was incorporated on 19.11.2024 and is yet to start commercial operations; therefore, no turnover has been recorded in the last 3 years.
Approvals for Grant of Transmission License and Adoption of Transmission Charges are to be obtained from Central Electricity Regulatory Commission by MPTL after the acquisition by POWERGRID.