Reliance Power appoints independent director, CFO

The board of directors of Reliance Power Ltd has appointed Shri R Ashok (DIN: 00233663) as an Additional Director in the capacity of Independent Director for a term of 5 consecutive years subject to approval of members at the General Meeting.

Shri R Ashok is a former Civil Servant with over 40 years experience in the areas of Financial Control and Management, General Administration, Vigilance Inquiry and administration, procurement, regulation and information technology.

Shri R Ashok has leadership capabilities, expertise in governance, legal compliance, finance management, administrative knowledge & experience and global experience/international exposure.

Shri R Ashok retired as a Secretary level official from Govt. of India and subsequently was appointed as Member, TRAI - a statutory appointment.

Shri R Ashok holds Masters Degree in Science, Management and Public Administration and in the early part of his career was intimately involved in application of information technology to computer aided management information system design and implementation.

Most positions held by him required deep comprehension in the subject and knowledge on allied areas and tested analytical and inferential skills.

Shri R Ashok has travelled widely around the world and is generally familiar with the foreign environment and culture.

The board also approved the appointment of Shri Akshiv Singhla Chief Financial Officer (CFO) of the company.

Shri Akshiv Singhla is a qualified Engineer B.Tech (Mechanical Engineering) from IIT-Delhi and Post Graduate Diploma in Management (Finance) from IIM-Calcutta with over 15 years of multifaceted experience in Business & Finance verticals. His expertise includes Financial Modeling, Project Development & Management, Bidding Evaluation, Banking & Treasury Operations, Contract Management etc. He is working in the Company's Corporate Strategy team since September 2021.

Earlier he has worked within the Group from 2008 to 2020 in multiple roles with Thales Reliance Defence System Limited, Reliance Defence Limited, Rajasthan Sun Technique Energy Pvt. Ltd. and Reliance Infrastructure Limited. Prior to that, he worked with Merchartes Researchers Pvt. Ltd and Bharat Heavy Electricals Ltd.

Shares of Reliance Power Limited was last trading in BSE at Rs. 14.97 as compared to the previous close of Rs. 15.13. The total number of shares traded during the day was 4557364 in over 4486 trades.

The stock hit an intraday high of Rs. 15.45 and intraday low of 14.72. The net turnover during the day was Rs. 68905976.00.

Source : Equity Bulls

Keywords

ReliancePower INE614G01033 RPOWER Appointment IndependentDirector CFO