State-run utility Power Grid Corporation's Director Finance K Sreekant has been given additional charge as Director Finance of NTPC for a period of six months from February 12. "Ministry of Power on February 13, 2019, has assigned additional charge to the post of Director (Finance), NTPC Limited to K Sreekant, Director (Finance), Power Grid Corporation for a period of six months from February 12, 2019 or till the appointment of a regular incumbent or until further orders, whichever is the earliest," a BSE filing said.
NTPC's board has appointed Sreekant as Director Finance on the board through a circular resolution with effect from February 12, the filing said. Sreekant (55 years) is CMA and PGDM (Finance) from Management Development Institute, Gurgaon.
He has over 33 years of experience in the power sector involving all facets of finance and accounting function and in particular, long term financial planning, investment appraisals, formulation of capital budgets, resource mobilisation from domestic and international markets and corporate accounts, it said. He was assigned the additional charge of Director (Finance) of NTPC Limited earlier by the Ministry of Power from March 19, 2018, to November 2, 2018. He holds 425 shares in the NTPC. He does not have any inter-se relationship with any of the directors of the company, it said.
(With inputs from agencies.)