Shri Ashok Kumar Mali Promoted as Executive Director of NLC India Limited

Chennai, March 1, 2026: NLC India Limited, the ‘Navratna’ Government of India enterprise, has announced the promotion of Shri Ashok Kumar Mali as Executive Director (Senior Management Personnel) of the company, effective March 1, 2026.

Shri Mali, a qualified Cost & Management Accountant from the Institute of Cost Accountants of India, brings over three decades of experience in project financing, treasury management, capital expenditure planning, and cost optimization. Before his promotion, he served as Chief Financial Officer at Neyveli Uttar Pradesh Power Limited, a subsidiary of NLC India Limited.

During his career, Shri Mali has gained expertise in statutory compliance under Ind AS, audit coordination including oversight by the Comptroller and Auditor General of India (C&AG), corporate governance, and SAP ERP implementation. His appointment is expected to strengthen NLC India’s financial management and operational efficiency.

The promotion comes as part of the company’s internal succession planning, and Shri Mali’s tenure will follow the extant policy of NLC India Limited. The company has clarified that there are no conflicts or relationships with existing board members.

About NLC India Limited:
Established in 1956, NLC India Limited is a leading government-owned enterprise in the energy sector, with operations spanning power generation, mining, and renewable energy projects across India.