New Delhi: The Ministry of Power has extended the additional charge of the post of Director (Finance) at SJVN Limited to Sipan Kumar Garg for a further period of three months, effective December 1, 2025, or until a full-time incumbent is appointed, whichever is earlier. The appointment has been made through an order dated December 1, 2025, the company said in a regulatory disclosure.
Garg currently serves as Director (Finance) at THDC India Limited and assumed additional charge as Chairman & Managing Director (CMD) of THDC on November 25, 2025. He has been holding the position of Director (Finance) at THDC since August 17, 2024.
A chartered accountant and a seasoned finance professional, Garg brings over **24 years of experience** in the Indian power sector, with expertise in financial management, corporate governance, project financing, regulatory affairs, cost control and commercial operations in both hydro and thermal segments. He holds B.Com (Hons) and LL.B degrees, and is a member of the Institute of Chartered Accountants of India, the Institute of Cost Accountants of India, and the Institute of Company Secretaries of India, in which he was also a rank holder.
Before joining THDC, Garg held several leadership roles within the NTPC Group, including CFO positions at Aravali Power Company Private Limited and Patratu Vidyut Utpadan Nigam Limited. He also worked in NTPC’s Corporate Accounts Group and at Koldam Hydro Power Project, delivering significant results in credit upgrades, interest cost optimisation and debt restructuring.
SJVN stated that Garg is not related to any director on the company’s board and is not debarred from holding office by any order of the Securities and Exchange Board of India or any other authority.
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