New Delhi: The government has extended the tenure of NTPC Limited's Chairman and Managing Director Gurdeep Singh by one year, said an official notification. Singh, who was set to retire on July 31, will now remain in charge of India’s largest power utility until July 31, 2026.
"The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Ministry of Power for re-employment of Shri Gurdeep Singh as Chairman and Managing Director (CMD), NTPC (India) Limited on contract basis for a period of one year beyond the date of his superannuation i.e. w.e.f. 01.08.2025 till 31.07.2026," a notification by the Department of Personnel & Training (DoPT) said.
According to sources who spoke to PSU Watch on the condition of anonymity, Singh has been granted a tenure extension after the government’s efforts to find a suitable successor did not yield a selection. In May, the public sector headhunter, Public Enterprises Selection Board (PESB) interviewed a dozen candidates but did not find anyone suitable for the position of Chairman and Managing Director (CMD) of NTPC.
Sources added that the government will continue its search for a new CMD even as Singh remains at the helm.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)