NTPC appoints 14 new EDs
NTPC, India's largest public sector power utility on Tuesday appointed 14 new executive directors, reports MC Vaijayanthi.business Updated: Feb 26, 2008 22:20 IST
NTPC, India's largest public sector power utility on Tuesday appointed 14 new executive directors.
In a major organisational change, it has promoted 14 general managers to the post of executive directors. Most of them would head business units and a press release from NTPC said the appointments are aimed at achieving “growth plans in the areas of forward, backward, lateral integration and subsidiaries /joint venture projects”.
NTPC has a installed capacity of 27,904 mega watt and is implementing projects for an additional 10,860 mega watt. A spokesperson for NTPC said the move was not unusual as the company had earlier elevated 6 general managers to the post of executive directors.
“This is a growth opportunity that the PSU provides within the organisation," she said. Private sector power companies with large expansion projects have been poaching talent from the large pool of public sector utilities and it is inevitable that NTPC would remain a main target, analysts said.
NTPC has 24,000 employees on its rolls, with 34 executive directors and 70 general managers at the top level. NTPC has targeted to achieve capacity of 66,000 mega watt by 2017.