SJVN Gets Extended Interim Finance Director as Ministry Retains Sipan Kumar Garg

SJVN Limited ( (IN:SJVN) ) has shared an update.

SJVN Limited has announced that the Ministry of Power has extended the additional charge of Director (Finance) for the company to Shri Sipan Kumar Garg, currently Director (Finance) and CMD (additional charge) of THDC India Limited, effective March 1, 2026, for three months or until a full-time appointee takes over. The decision ensures continuity in SJVN’s financial leadership at a time when the company remains a key player in India’s power sector, leveraging Garg’s extensive experience in financial management, project financing, and governance across major public sector power utilities.

Garg brings over 24 years of experience in the Indian power sector, with a strong track record in hydropower and thermal power entities within the NTPC group and THDC India Limited. His background in improving credit ratings, reducing interest costs, and strengthening financial discipline underscores the ministry’s move to maintain strategic financial oversight at SJVN, which may support the company’s operational efficiency and capital-raising capabilities.

More about SJVN Limited

SJVN Limited is a Navratna central public sector enterprise jointly promoted by the Government of India and the Government of Himachal Pradesh, operating in the power sector. The company focuses on generating and developing hydropower and other energy projects, supporting India’s broader energy infrastructure and transition needs.

Average Trading Volume: 740,981

Technical Sentiment Signal: Sell

Current Market Cap: 291.6B INR

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