NHPC Board Update: Independent Director Shri Premkumar Goverthanan Retires After Distinguished Tenure
NHPC Limited, a leading Government of India enterprise under the Ministry of Power, has announced that Shri Premkumar Goverthanan (DIN: 10064794) has ceased to be an Independent Director of the company effective March 2, 2026, upon completion of his tenure.
This action follows the Ministry of Power (MoP) order dated March 2, 2023, governing the tenure of independent directors in Central Public Sector Enterprises.
Background of Shri Premkumar Goverthanan
Shri Premkumar Goverthanan, 61 years old, holds a Bachelor’s Degree in Economics from Annamalai University, Tamil Nadu. He has been actively associated with politics and has extensive experience in the manufacturing and agriculture industries.
Currently, he serves as Senior Advisor for his son’s group of companies based in Chennai, engaged in construction and development projects, while also contributing to their business activities.
Shri Goverthanan joined the NHPC Board as an Independent Director in March 2023, providing expertise in corporate governance and strategic oversight during his tenure.
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Compliance and Regulatory Details
The cessation of Shri Goverthanan is fully compliant with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates timely disclosure of changes in board composition to stock exchanges.
Stock Exchange Information:
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BSE Scrip Code: 533098
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NSE Symbol: NHPC
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ISIN: INE848E01016
Company Statement
NHPC stated that the board update is for information and record purposes. The company will announce future appointments to maintain the required governance and oversight standards. Shri Goverthanan’s contributions strengthened NHPC’s board through guidance on corporate strategy, business development, and governance matters.
About NHPC
NHPC Limited is a Navratna PSU under the Ministry of Power, specializing in hydroelectric power generation and renewable energy projects. The company has been instrumental in implementing large-scale energy infrastructure across India, supporting national energy security and sustainable development initiatives.