SJVN Limited has reshuffled its senior management team, promoting two officials to the position of Executive Directors while two others ceased their roles due to superannuation. The changes, which took effect on August 1, 2026, were disclosed in a filing with the National Stock Exchange of India Limited and BSE Limited. This restructuring marks a transition in leadership for the Navratna Central Public Sector Enterprise, ensuring continuity in its executive ranks as veteran officials retire.

The company informed the exchanges that Shri Vikas Sharma and Shri Manmeet Gupta have been promoted as Executive Directors. Their terms of appointment are co-terminus with the date of their superannuation or until further orders, whichever is earlier. Concurrently, Shri Baljeet Singh ceased to be part of the senior management on July 31, 2026, due to superannuation. Shri Rajesh Kumar Sharma also ceased his role as a senior manager upon superannuation, though a specific date was not provided in the filing.

Vikas Sharma brings over 30 years of experience in the power sector, with a focus on hydroelectric project development. He holds a Bachelor’s degree in Civil Engineering from Amravati University. Before joining SJVN Limited in December 2008 as Senior Manager (Survey & Investigation and Infrastructure), he worked with Impregilo SPA, Italy, L&T, Gammon, and SN Power Norway. His career highlights include executing tunnel re-mining at the Nathpa Jhakri HEP and achieving exceptional excavation rates at the Karahnjukar HEP in Iceland. At SJVN, he played a pivotal role in securing statutory clearances for the Luhri HEP and received the CMD Award in 2013-14 for his work on the Rampur HEP. He previously led the Buxar Thermal Power Plant as CEO and is currently heading the Sunni Dam HEP.

Manmeet Gupta joined SJVN Limited on September 13, 1993, and has served the company for thirty-three years. His tenure has included contributions to various functions such as the Contracts Department, Quality Control Department, and Commercial Disputes for Hydro, Wind, and Solar Projects. Gupta also handled Alternate Dispute Resolution and served in the Vigilance Department. Notably, he was deputed to the Royal Government of Bhutan for the Tala Hydroelectric Project and worked on the Nathpa Jhakri Hydro Power Station, Rampur HPS, and the Buxar Thermal Power Project in Bihar.

Management Changes Overview

The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Soumendras Das, Company Secretary, signed the communication addressed to the stock exchanges. The company cited the SEBI Master Circular dated January 30, 2026, regarding compliance with listing obligations.

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

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.