NHPC Limited , a premier "Navratna" Power Company of the Government of India, has announced a significant change in its leadership team. The Ministry of Power has appointed Shri Mahesh Kumar Sharma as the new Director (Finance) for NHPC Limited, effective October 17, 2025.

Key Details of the Appointment

Professional Background

Shri Mahesh Kumar Sharma brings a wealth of experience to his new role:

• Fellow Member of the Institute of Chartered Accountants of India (ICAI)
• Over 30 years of post-qualification experience
• Holds a Diploma in Information Systems Audit (DISA) from ICAI (All India 3rd Rank)
• Served as Executive Body Member and Chairman of the Faridabad branch of Northern India Regional Council of ICAI
• Awarded 'Best Chairman' of Northern India by Northern India Regional Council of ICAI for 2006-07

Career at NHPC

Shri Sharma's journey with NHPC spans more than 25 years:

• Joined NHPC as an Accounts Officer in July 2000
• Expertise in Finance, Corporate Accounts, Treasury, Commercial, and Contracts
• Key roles included:
  • Part of Treasury management team at Corporate Office, Faridabad
  • Core member of Initial Public Offer implementation team
  • Active role in restoration works of Dhauliganga Power Station after 2013 Uttarakhand flash floods
  • Head of Finance at Pakaldul HE Project
  • Additional charge of Finance Division for Kiru HEP and Kwar HEP under Chenab Valley Power Projects Limited

Impact on NHPC

Shri Sharma's appointment is expected to bring valuable financial acumen to NHPC's operations:

• Extensive experience in financial management of large-scale infrastructure projects
• Deep understanding of Tariff and Regulatory frameworks crucial for hydroelectric power projects
• Proven track record in resource mobilization, regulatory compliance, and financial discipline

Corporate Governance Note

NHPC Limited has confirmed that Shri Sharma is not related to any of the company's directors and is not debarred from holding the office of Director by any regulatory authority.

As a result of this appointment, Shri Sipan Kumar Garg (DIN: 10746205) will no longer hold the additional charge of Director (Finance) at NHPC Limited.

This strategic appointment underscores NHPC's commitment to strong financial leadership as it continues to play a crucial role in India's power sector.

NHPC Limited , India's premier hydropower company, has announced the successful commissioning of its 300 MW Grid Connected Solar PV Project in Bikaner, Rajasthan. The project, known as the Karnisar Solar Project, reached its full operational capacity on October 16, 2025, marking a significant milestone in NHPC's renewable energy portfolio.

Project Details

The Karnisar Solar Project was completed in multiple phases, with the final phase achieving successful trial run completion on October 10, 2025. The project's full commercial operation was declared after receiving approval from the Punjab State Electricity Regulatory Commission (PSERC) on October 16, 2025.

Phased Implementation

The project's implementation was carried out in stages, with the final phase consisting of 85.72 MW capacity. This strategic approach allowed for a systematic rollout and testing of the solar plant's components.

Regulatory Compliance

NHPC has ensured full compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by promptly disclosing the project's operational status to the stock exchanges.

Project Significance

This 300 MW solar project represents a substantial addition to NHPC's renewable energy capacity and aligns with India's growing focus on solar power generation. The successful commissioning of this project demonstrates NHPC's commitment to diversifying its energy portfolio and contributing to the nation's clean energy goals.

Financial Implications

While specific financial details were not disclosed in the announcement, the project's completion is expected to positively impact NHPC's revenue stream and strengthen its position in the renewable energy sector.

The successful implementation of this large-scale solar project in Rajasthan, known for its high solar potential, showcases NHPC's capability to execute significant renewable energy projects. This achievement may pave the way for future solar ventures and potentially influence the company's long-term strategy in the evolving energy landscape.