New Delhi: In a key administrative development, the Ministry of Power has extended the additional charge of Director (Finance) at SJVN Limited to Rajendra Prasad Goyal, who currently serves as the Director (Finance) and Chairman & Managing Director (Additional Charge) at NHPC Limited. The extension is effective from July 1, 2025, for a period of two months or until further orders, whichever comes earlier.
The update was disclosed by SJVN Limited through a regulatory filing to the stock exchanges on Friday.
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Superseding Previous Arrangement
This decision replaces the earlier interim arrangement under which Sipan Kumar Garg, Director (Finance) of THDC India Limited, was given the additional charge of Director (Finance), SJVN with effect from July 1. Garg’s appointment now stands withdrawn following the Ministry’s superseding order.
Profile of Rajendra Prasad Goyal
Goyal, a veteran finance executive, has been serving as Director (Finance) at NHPC since October 1, 2020, and also holds the additional charge of CMD. A Cost Accountant and Commerce postgraduate from the University of Rajasthan, Jaipur, Goyal began his journey with NHPC in 1988 as a Senior Accountant at the Salal Power Station in Jammu & Kashmir.
In his over 34 years of service, Goyal has held several key roles across project sites including Chamera-I, Dulhasti, Jammu, and Faridabad. Before becoming Director (Finance), he served as Chief General Manager (Finance), where he oversaw Corporate Accounts, Taxation, Treasury, Investor Relations, and Establishment.
Additional Board Roles
Goyal currently chairs the boards of:
- Jalpower Corporation Limited
- NHPC Renewable Energy Limited
- Bundelkhand Saur Urja Limited
He also serves as Nominee Director on the boards of:
- Chenab Valley Power Projects Ltd
- Ratle Hydroelectric Power Corporation Ltd
- Loktak Downstream Hydroelectric Corporation Ltd
- NHDC Ltd
Additionally, he holds directorships in:
- SJVN Arun-3 Power Development Company
- SJVN Lower Arun Power Development Company
Industry Standing
Widely respected in the Indian power sector for his financial expertise, leadership skills, and long-standing service, Goyal’s continued association with SJVN in an extended capacity is expected to provide strategic stability to the PSU’s financial operations during the interim period.
About SJVN
SJVN Limited, formerly known as Satluj Jal Vidyut Nigam, a Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Power, is jointly owned by the Government of India and the Government of Himachal Pradesh. Incorporated in 1988, it currently operates 1,972 MW of hydropower capacity across its Nathpa Jhakri, Rampur, and Naitwar Mori projects and is rapidly expanding into solar and energy storage segments to support India’s clean energy goals.
The company is actively engaged in the hydro, solar, wind, thermal, and power transmission sectors, both in India and abroad, and is playing a pivotal role in achieving the nation’s renewable energy goals.
