THDC's Sipan Kumar Garg gets additional charge as Director (Finance) of NHPC

New Delhi: NHPC Limited has announced that the Ministry of Power has entrusted the additional charge of the post of Director (Finance) to Sipan Kumar Garg. Currently, Garg is serving as Director (Finance) of THDC India Limited. According to company's regulatory filing to the stock exchanges on Monday, Garg's appointment is effective from September 1, 2025, for a period of three months or until a regular incumbent is appointed, or until further orders, whichever is earlier.

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Garg, who assumed charge on September 1, is a seasoned finance professional with more than 23 years of experience in finance, accounts, taxation, and commercial operations in the power sector. At THDC India Limited, where he has served as Director (Finance) since August 2024, he also holds the positions of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP).

A Bachelor of Commerce (Hons.) graduate, Garg is a Chartered Accountant, Cost Accountant, and Company Secretary. He also holds a degree in law (LL.B.) and was a rank holder in the Company Secretary examination. Over the course of his career, he has worked with NTPC Limited and its subsidiaries, including Aravali Power Company Private Limited and Patratu Vidyut Utpadan Nigam Limited, where he served as CFO. He also contributed to the Koldam Hydro Power Project and NTPC’s Corporate Accounts Group.

Known for his integrity, leadership, and financial acumen, Garg has been credited with strengthening financial management across organisations he has served. Under his leadership, Aravali Power Company achieved its highest credit ratings and recorded significant savings on long-term loan interest costs.

Beyond his corporate responsibilities, Garg has been actively engaged with professional bodies. He has served on several committees of the Institute of Chartered Accountants of India (ICAI), including the Committee on Public Finance and Government Accounting, and has been a frequent speaker on Accounting Standards and Ind AS at prestigious forums.

For his leadership and contributions to the profession, he was honoured as the Visionary CFO of India at the National Economic Growth Summit 2024 and received a Certificate of Appreciation from the Institute of Cost Accountants of India (ICMAI) for advancing the CMA profession and contributing to THDCIL’s growth.

With this interim responsibility at NHPC, Garg will oversee the company’s financial strategy and operations during a crucial phase of India’s renewable and hydropower expansion.

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