SJVN Extends Additional Charge of Director (Finance) to Sipan Kumar Garg Till June 2026
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New Delhi: Navratna CPSE SJVN Limited has announced the extension of additional charge of the post of Director (Finance) to Shri Sipan Kumar Garg, following an order issued by the Ministry of Power on February 26, 2026.
As per the regulatory filing under SEBI (LODR) Regulations, the additional charge will be effective from March 1, 2026, for a period of three months or until a full-time Director (Finance) is appointed, or until further orders — whichever is earlier.
Current Role of Sipan Kumar Garg
Shri Sipan Kumar Garg currently serves as Director (Finance) at THDC India Limited and has also been holding the additional charge of Chairman & Managing Director (CMD) of THDCIL since November 25, 2025.
He is not related to any Director on the Board of SJVN and is not debarred from holding the office of Director by any regulatory authority, the company clarified.
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Professional Background
With over 24 years of experience in India’s power sector, Shri Garg is regarded as a seasoned finance professional. He holds:
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B.Com (Hons.)
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Chartered Accountant (CA)
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Cost and Management Accountant (CMA)
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Company Secretary (CS) – Rank Holder
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LL.B. degree
Before joining THDC India Limited, he held senior financial leadership roles within the NTPC Group, including serving as CFO at Aravali Power Company Pvt. Ltd. and Patratu Vidyut Utpadan Nigam Ltd.
His expertise spans financial management, project financing, regulatory affairs, debt restructuring, and corporate governance across hydropower and thermal power sectors.
Leadership Contributions
Under his financial stewardship, organizations he served achieved improved credit ratings and notable savings in long-term debt servicing. He has also been actively involved in professional committees of the Institute of Chartered Accountants of India, contributing to public finance and accounting standards discussions.
In addition to his role at THDCIL, he serves as Chairman of its subsidiaries including Tusco Limited, Tradeco Rajasthan Limited, and THDCIL-UJVNL Energy Company Limited.
Strategic Importance for SJVN
SJVN Limited, a joint venture of the Government of India and the Government of Himachal Pradesh, continues to strengthen its leadership framework as it expands its renewable and conventional energy portfolio across India.
The extension ensures continuity in financial oversight and strategic stability while the company awaits the appointment of a full-time Director (Finance).
Effective Date: March 1, 2026
Duration: Three months or until further orders
Authority: Ministry of Power, Government of India
The development has been duly disclosed to stock exchanges in compliance with regulatory requirements.