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)

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During the session, Agrawal specifically engaged with the newly inducted Management Trainees, advising them to take full advantage of the learning opportunities available within the organization while maintaining the highest standards of professional conduct. Supporting this vision, SECL Director (Finance) Darla Sunil Kumar underlined the importance of teamwork, accountability, and knowledge-sharing in enhancing the overall effectiveness of the finance function. He noted that such interactive forums provide invaluable opportunities for leadership mentoring and professional development. The session concluded with an engaging exchange of ideas, reflecting SECL’s ongoing commitment to nurturing fresh talent and strengthening its financial leadership capabilities in alignment with the broader strategic goals of Coal India Limited.

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Shri Arvind Kumar holds the educational qualifications of M.Com.  Professionally, he is a Fellow Member of Institute of Cost Accountants of India and an Associate Member of Institute of Company Secretaries of India. He possesses rich and diverse experience in the areas of financial management, internal audit, budgeting, banking, taxation, commercial accounting, corporate governance and regulatory compliance.

Shri Arvind Kumar is known for his professional competence, analytical approach and extensive experience in finance, audit and corporate management.

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Shri Jaikumar Srinivasan, Director (Finance), praised the team for their dedication to excellence and their use of technology-driven tools. He noted that the award reflects NTPC’s strong commitment to transparency, high governance standards, and strict regulatory compliance. This milestone encourages the department to continue setting new industry benchmarks by using digital transformation to make audit practices more effective, efficient, and future-ready.

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Sh. P. Daniel provided an overview of the Central Vigilance Commission’s jurisdiction and emphasized the importance of Preventive Vigilance measures and ethical conduct in government organizations. He commended POWERGRID for its efforts related to the PIDPI resolution and anti-corruption campaigns.

Sh. M. Damodaran discussed the roles and responsibilities of Independent Directors, internal auditors, management, and board members in creating a corruption-free corporate governance environment. Sh. D. K. Madan, CVO of POWERGRID, highlighted the company’s efforts in leveraging technology to combat corruption, promoting PIDPI resolution, and capacity building.

The event was attended by POWERGRID board members, Executive Directors, corporate center employees, and joined online by officials and employees from all regions of POWERGRID.

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