NTPC Limited announced the appointment of Renu Narang, Executive Director (Finance), as Chief Financial Officer of the company, with effect from June 1, 2022. She succeeded Anil Kumar Gautam, who has resigned from the role, w.e.f May 31, 2022.
According to the company’s exchange filing, “Consequent upon cessation of Shri Anil Kumar Gautam as Chief Financial Officer of the Company w.e.f. 31.5.2022, Ms. Renu Narang, Executive Director (Finance) has been designated as Chief Financial Officer of the Company with immediate effect. The terms and conditions of the appointment including remuneration of Ms. Renu Narang shall be as per the existing policy of NTPC.”
Renu Narang (aged 55 years) has over 34 years of experience in all aspects of Finance and Accounts. Resource mobilization from domestic and foreign lenders for both Long Term and Short Term needs has been her forte, a statement said.
Her experience spans over areas in International Finance, Budgeting, Financial Concurrence, Investor Services, Treasury and Commercial and Regulatory issues etc. She has been involved in due diligence and evaluations for acquisitions of power assets as well as finalizing strategies for bidding for distribution circles as well as for overseas projects. She has also negotiated and finalized various innovative agreements for raising funds as well refinancing of loans. She is well conversant with the financial markets, both domestic and international and is cognizant of nuances in valuation of projects and loan negotiations, according to the statement.
Narang is a Management Graduate from Indian Institute of Management, Lucknow (1988), which she pursued after a Bachelors’ degree in Commerce (Honours) in 1986 from the Delhi University, Delhi. She has also done LL.B from Delhi University, Delhi in the year 1992.
NTPC Limited is India’s largest power generation utility with roots planted way back in 1975 to accelerate power development in India. Since then it has established itself as the dominant power major with presence in the entire value chain of the power generation business.
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