New Delhi: Navratna CPSE SJVN Limited has announced the extension of the additional charge of Director (Finance) to Sipan Kumar Garg, Director (Finance) of THDC India Limited, for a period of three months starting March 1, 2026. The decision follows an order from the Ministry of Power, Government of India, issued on February 26, 2026.
Duration and Scope of Additional Charge
As per the regulatory filing under SEBI (LODR) Regulations, the additional charge will remain effective:
- For three months from March 1, 2026,
- Or until a full-time Director (Finance) is appointed,
- Or until further orders, whichever is earlier.
This extension ensures continuity in financial oversight during the interim period.
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Current Roles of Sipan Kumar Garg
Mr. Sipan Kumar Garg currently serves as:
- Director (Finance) at THDC India Limited (THDCIL)
- Chairman & Managing Director (CMD) of THDCIL since November 25, 2025
The company clarified that he is not related to any Director on SJVN’s Board and is not debarred by any regulatory authority from holding office.
Professional Background
Sipan Kumar Garg brings over 24 years of experience in India’s power sector. His qualifications include:
- B.Com (Hons.)
- Chartered Accountant (CA)
- Cost and Management Accountant (CMA)
- Company Secretary (CS) – Rank Holder
- LL.B.
Before joining THDCIL, he held senior financial leadership roles within the NTPC Group, including CFO positions at Aravali Power Company Pvt. Ltd. and Patratu Vidyut Utpadan Nigam Ltd.
He has extensive expertise in financial management, project financing, regulatory affairs, debt restructuring, and corporate governance across hydropower and thermal power sectors.
Leadership Contributions
Under Mr. Garg’s financial leadership, organizations achieved:
- Improved credit ratings
- Significant savings in long-term debt servicing
- Active participation in professional committees of the Institute of Chartered Accountants of India on public finance and accounting standards
He also serves as Chairman of subsidiaries of THDCIL, including Tusco Limited, Tradeco Rajasthan Limited, and THDCIL-UJVNL Energy Company Limited.
Strategic Importance for SJVN
The extension of Garg’s additional charge ensures financial continuity and strategic stability for SJVN as it awaits the appointment of a full-time Director (Finance). It comes at a crucial time when SJVN is expanding its renewable and conventional energy portfolio across India.
About SJVN Limited
SJVN Limited, a public sector undertaking (PSU) and a joint venture between the Government of India and the Government of Himachal Pradesh, is a Navratna CPSE focused on hydroelectric power generation and renewable energy. The company operates major hydro projects, contributing significantly to India’s clean energy capacity.
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