NHPC announces leadership changes, interim finance and CMD appointments

NHPC has announced the cessation of Rajendra Prasad Goyal from his roles as chairman & managing director, director (finance), and chief financial officer (CFO) due to superannuation, effective August 31, 2025. This leadership change is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Following this, the Ministry of Power has approved the entrustment of additional charge for the post of director (finance) to Sipan Kumar Garg, who currently serves as director (finance) at THDC India Limited. This interim arrangement is effective from September 1, 2025, for three months or until a full-time incumbent is appointed. Simultaneously, Sanjay Kumar Singh, director (projects) at NHPC Limited, has been entrusted with the additional charge of chairman & managing director for one month, also effective September 1, 2025, or until further orders.

Sipan Kumar Garg, 49, brings over 23 years of experience in finance, accounts, taxation, and commercial aspects within the power sector. He holds a Bachelor of Commerce (Hons.) and is a member of the Institute of Chartered Accountants of India, the Institute of Cost Accountants of India, and the Institute of Company Secretaries of India. He has previously served as CFO at Aravali Power Company Private Limited and Patratu Vidyut Utpadan Nigam Limited.