NEW DELHI. In a significant governance reform in the power sector, the Ministry of Power has approved a comprehensive restructuring of the Boards of Directors of THDC India Limited (THDCIL) and North Eastern Electric Power Corporation Limited (NEEPCO).
According to an order issued on June 11, 2026, the Competent Authority has approved reducing the board strength of both central public sector enterprises by 50 per cent, bringing the number of directors down from 16 to 8.
As part of the restructuring, the existing post of Chairman and Managing Director (CMD) in both companies has been redesignated as Managing Director (MD) with immediate effect.
The order further stipulates that the Chairman and Managing Director of NTPC will serve as the Non-Executive Chairperson of both THDCIL and NEEPCO. The arrangement comes into force immediately.
In another key decision, the Ministry has discontinued the prevailing additional-charge mechanism for the top executive position in the two companies. Future appointments to the post of Managing Director will be made in accordance with established government procedures through the Public Enterprises Selection Board (PESB) and with the approval of the Appointments Committee of the Cabinet (ACC).
The move is aimed at streamlining corporate governance, strengthening oversight, and aligning the management structure of the two NTPC subsidiaries with the government’s broader public sector reforms agenda.
THDCIL and NEEPCO are among the country’s prominent hydropower and power generation public sector undertakings operating under the administrative control of the Ministry of Power. ( NEWS MANTRA)
