NHPC Promotes Raj Kumar Chaudhary To Chairman And Managing Director
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

NHPC announced on Wednesday evening that Raj Kumar Chaudhary has taken over as its new chairman and managing director.

What Happened: The Ministry of Power, Government of India, issued an order appointing Chaudhary, Director (Technical), NHPC to the post of chairman and managing director, NHPC Limited. The appointment is effective from the date of his assumption of charge until his superannuation on June 30, 2025, or until further orders, whichever is earlier.

Chaudhary, who has been with NHPC since 1989, assumed the charge of the post on August 7, 2024. He has held various positions within the company, including Director (Technical), and has made significant contributions to the development of hydropower in India and Bhutan.

See Also: NHPC Q1 Net Profit Inches Up To ₹1,108 Cr, Revenue Dips 2%

With Chaudhary’s appointment, Rajendra Prasad Goyal, Director (Finance), NHPC, will no longer hold the additional charge of the post of chairman and managing director, NHPC.

In July 2024, the company extended the tenure of Goyal as the chairman and managing director for three months until a full-time incumbent was appointed. Goyal has been holding the additional charge as the chairman and managing director since March 2024 and has been serving as director (finance) since October 2020.

A week later, NHPC confirmed the appointment of Sanjay Kumar Singh as the new director of projects. Singh, who brings over 32 years of experience in the power and infrastructure sector, previously held the position of chief general manager at SJVN Ltd.

Read Next: Moody’s Elevates Tata Motors’ Rating, Citing Consistent Growth And Debt Reduction, JLR’s Rating Also Upgraded

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...