Don’t miss the latest developments in business and finance.

Atul Sobti appointed as the new CMD of BHEL

As a director, Sobti was heading the crucial portfolios of power and finance

Atul Sobti
Atul Sobti
BS Reporter New Delhi
Last Updated : Jan 01 2016 | 2:57 PM IST
Atul Sobti – who has been working as a board director in Bharat Heavy Electricals Limited (BHEL) – was appointed as the chairman and managing director (CMD) of the company on Friday. 

As a director, Sobti was heading the crucial portfolios of power and finance in the India’s largest public sector engineering and manufacturing enterprise. In addition, he has been the chairman of Raichur Power Corporation Limited, a joint venture company of BHEL and Karnataka Power Corporation Limited.

“Sobti, was responsible for spearheading and strategising for the power sector business of BHEL and under his stewardship, BHEL’s power business has achieved major milestones including the highest ever capacity addition/synchronisation of 13,452 MW and 11,941 MW in 2013-14 and 2014-15, respectively,” said company’s press statement. The company has exceeded the ministry of power’s target of capacity addition by 19 per cent. 

“Under his leadership, the trend has continued in the current fiscal and BHEL has already commissioned/synchronised projects of around 8,000 MW, the highest ever in the first nine months of a financial year,” the statement added. 

Before his elevation to the board in December, 2013, Sobti, 56, was executive director (power) at BHEL, New Delhi, and was also holding concurrent charge of Industrial Systems Group, a Bengaluru based unit of BHEL.

Also Read

First Published: Jan 01 2016 | 2:51 PM IST

Next Story