SJVN extends Bhupender Gupta's CMD charge for three months
The Ministry of Power extended Bhupender Gupta's additional charge as CMD of SJVN Limited for three months, effective August 1, 2026. Gupta, currently CMD of NHPC Limited, will lead SJVN until a full-time incumbent is appointed. The disclosure was made under SEBI Regulation 30 on July 30, 2026.

*this image is generated using AI for illustrative purposes only.
The Ministry of Power has extended the additional charge of the post of Chairman and Managing Director (CMD) at SJVN Limited to Bhupender Gupta. The order, dated July 30, 2026, confirms that Gupta will hold the position with effect from August 01, 2026, for a period of three months or until a full-time incumbent is appointed or until further orders, whichever is earliest. This interim leadership arrangement ensures continuity in executive management while the company finalizes its permanent appointment process.
In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, SJVN Limited disclosed the extension to the National Stock Exchange of India Limited and BSE Limited. The company confirmed that Gupta is not related to any director on the Board of the Company and is not debarred from holding the office of Director by virtue of any order of the Securities and Exchange Board of India or any other such authority.
Leadership Profile
Bhupender Gupta (DIN: 06940941) currently serves as the Chairman and Managing Director of NHPC Limited, a Navratna Enterprise under the Government of India, a role he has held since September 04, 2025. He also chairs the Boards of NHDC Limited and Loktak Downstream Hydroelectric Corporation Limited, which are subsidiary companies of NHPC Limited.
Gupta holds a bachelor's degree in electrical engineering and an MBA in Operations Management. His career spans more than 34 years, including 31 years in Public Sector Undertakings (PSUs) within the power sector. He began his professional career with ACC Ltd in 1991 and joined SJVN in 1995, where he served for 12 years in various positions.
Key Career Milestones
| Organization | Role / Responsibility | Key Projects / Achievements |
|---|---|---|
| SJVN Limited (1995–2007) | Various positions | Planning, erection, commissioning, and O&M of electromechanical equipment for the 1500 MW Nathpa Jhakri Hydro Power Plant |
| Bhutan Deputation (2002–2005) | Project Execution | Involved in the 1020 MW Tala Hydroelectric Power Project |
| REC Ltd (2007–2013) | Additional CEO / Operational Head | Oversaw project financing for Hydro and Thermal projects; executed Saubhagya, DDUGJY, and PMDP schemes |
| Punatsangchhu HEPA (Dec 2020–2023) | Director (Technical) | Spearheaded construction activities and resolved contractual issues in Bhutan |
| THDCIL (June 2023–May 2025) | Director (Technical) | Facilitated CoD of 1320 MW Khurja STPP; resolved commissioning challenges in Tehri PSP and Vishnugad Pipalkoti HEP |
| NHPC Limited (Sep 2025–Present) | CMD | Steered commissioning of 300 MW Bikaner Solar plant and four units of Subansiri Lower HEP |
During his tenure at THDCIL, Gupta provided strategic leadership in addressing commissioning challenges and the impacts of the pandemic. He facilitated the successful Commercial Operation Date (CoD) of the 1320 MW Khurja STPP and guided teams in resolving civil and operational issues in the Tehri Pumped Storage Project (PSP), leading to the CoD of Unit-1 and Unit-2 (250 MW each). He also steered the redeployment of the Tunnel Boring Machine (TBM) in the 444 MW Vishnugad Pipalkoti HEP.
Prior to his current role at NHPC, Gupta was assigned the additional charge of CMD at SJVN from May 01, 2025. During this period, he addressed commissioning challenges at the Buxar Thermal Power Plant, facilitating the successful CoD of the first unit (660 MW) in September 2025. The second unit is targeted for commissioning in March 2026. Under his leadership, SJVN also commissioned the entire capacity of the 1000 MW Bikaner Solar Power project in December 2025.
Since taking charge as CMD of NHPC, Gupta has focused on faster execution and commissioning of ongoing projects. His recent achievements include the commissioning of the 300 MW Bikaner Solar plant and the CoD of four units (Unit #1, #2, #3, and #4) of the Subansiri Lower Hydroelectric Project, each with a capacity of 250 MW.
Gupta’s vision focuses on addressing India’s growing power demand through non-fossil fuel-based resources to ensure energy security. He emphasizes meeting sustainable energy targets through the integration of Artificial Intelligence (AI), EV integration into the grid, cybersecurity, green hydrogen, bioenergy, and energy storage technologies.
Historical Stock Returns for SJVN
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.83% | -0.31% | -4.65% | -5.48% | -28.82% | +149.82% |
How might the extension of interim leadership impact SJVN's strategic decision-making timeline for upcoming renewable energy projects?
What is the expected timeline for the Ministry of Power to finalize the permanent CMD appointment, and how does this delay affect investor confidence?
Will Bhupender Gupta's dual role as CMD of NHPC and additional charge at SJVN create potential conflicts of interest or resource allocation challenges between the two PSUs?


































