New Delhi: Public sector power major SJVN Limited has announced that Sipan Kumar Garg, an accomplished finance professional, has assumed additional charge as Director (Finance) of the company with effect from July 10. The development follows an order issued by the Ministry of Power on July 9, 2025.
Currently serving as Director (Finance) at THDC India Limited, Garg has been entrusted with this additional responsibility for a period of three months or until a full-time Director (Finance) is appointed, whichever comes earlier. He succeeds Rajendra Prasad Goyal, who held the post until June 30.
Highly Qualified and Widely Experienced
Mr Garg brings over 23 years of experience in the power sector and a rich educational background. He is a Chartered Accountant (CA), Cost and Management Accountant (CMA), and a Company Secretary (CS), and also holds a Law degree (LL.B.). He is also a rank holder in the Company Secretary examination, highlighting his academic distinction.
Garg has held significant finance and leadership roles at NTPC Limited and its group companies. His previous assignments include serving as CFO of Aravali Power Company Pvt Ltd and Patratu Vidyut Utpadan Nigam Ltd. He played a crucial role in financial operations at NTPC’s Koldam Hydro Power Project, showcasing expertise in strategic finance, project financing, and corporate accounting.
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Recognitions and Professional Contributions
Mr Garg is an active member of India’s financial professional community and has served on several committees of the Institute of Chartered Accountants of India (ICAI). In 2024, he was conferred the “Visionary CFO of India” award at the National Economic Growth Summit and was also honored by the Institute of Cost Accountants of India (ICMAI) for his contribution to financial excellence.
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.
About THDCIL
THDCIL is a leading power sector Public Sector Enterprise (PSE) and a consistently profitable company. It was established in July 1988 as a public limited company under the Companies Act, 1956, to develop, operate, and maintain the Tehri Hydro Power Complex. THDCIL is now a subsidiary of NTPC Limited, with NTPC holding a 74.496% stake and the Government of Uttar Pradesh holding the remaining 25.504%, according to THDCIL’s website.
