Additional charge of Chairman and Managing Director
Awaiting price reaction for this filing.
SJVN Limited has informed stock exchanges that the Ministry of Power, via an order dated 2 May 2025, has given the additional charge of Chairman and Managing Director (CMD) to Shri Bhupendra Gupta, currently Director (Technical) at THDC India Limited. The arrangement is for three months starting 1 May 2025, or until a regular full-time CMD is appointed, whichever is earlier. As a result, Shri Raj Kumar Chaudhary, who was earlier holding the additional charge of CMD at SJVN, has stepped down from that role. Bhupendra Gupta has around 32 years of experience with about 29 years in the power sector, and was earlier with SJVN for 12 years working on the 1500 MW Nathpa Jhakri hydro project.
This is a temporary leadership transition at the top, with an interim CMD being brought in from another government power PSU (THDCIL). For shareholders, it keeps the leadership seat filled but signals that the search for a permanent CMD is still ongoing, which may keep the stock in a wait-and-watch mode in the short term.