NHPC has extended the tenure of Rajendra Prasad Goyal as the chairman and managing director of the firm.

What Happened: The firm announced the extension of Goyal's term by another three months in a press release on Thursday. Goyal will retain the position until a full-time incumbent is appointed, the company said.

Goyal has been holding the additional charge as the chairman and managing director since March this year. Additionally, he has been serving as director (finance) since October 2020. Goyal is also the CFO of the company. 

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Goyal began his career at NHPC on November 18, 1988, as a senior accountant at Salal Power Station in J&K, the company's website said. Before his role as director (finance), he served as chief general manager (finance), where he managed corporate accounts & policy, taxation, treasury, establishment, and investor relations.

Goyal is an associate member of the Institute of Cost Accountants of India and has a master's degree in commerce from the University of Rajasthan, Jaipur. With more than three decades of experience at NHPC, he brings in-depth knowledge in finance, focusing on the financial, contractual, and regulatory aspects of hydro project construction and operations, the company said.

Earlier today, the hydropower major made significant strides towards the adoption of renewable energy. NHPC Renewable Energy Limited (NHPC-REL) signed an MoU with Tata Power Renewable Energy (TPREL) to implement rooftop solar projects across government buildings in India. The project aims for 100% solarisation of government-owned buildings by December 2025. The company also saw the holdings of LIC and FIIs jump in the June quarter.

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