Praveer Sinha to take over as Tata Power MD from Anil Sardana on May 1

Currently CEO & MD of Tata Power Delhi Distribution, Sinha has been credited with transforming the power distribution sector and setting up power plants in India and abroad

Tata Power on Friday announced the appointment of Praveer Sinha as the firm’s chief executive officer and managing director with effect from May 1. Sinha succeeds Anil Sardana, whose exit was announced earlier this year. Currently, Sinha is CEO & MD of Tata Power Delhi Distribution Limited (Tata Power-DDL), which has power distribution rights for one of the circles in the Capital.

Both Sardana and Sinha share a similar career trajectory. Like Sinha's current role, Sardana was in charge of Tata Power’s Delhi distribution business before he took over as CEO & MD of Tata Power in 2011. Sinha has been with Tata Power since 2007. He was made CEO and executive director of TPDDL on March 1, 2012. The company is yet to decide on a successor to Sinha at TPDDL.

Sinha takes over at a time when one of the major concerns for Tata Power is tackling losses at its Mundra ultra mega power plant (UMPP), which has been struggling financially due to high imported coal prices.

N Chandrasekaran, chairman, Tata Power, said, “Praveer’s extensive experience in the power sector and his ability to drive performance, maximise returns and work seamlessly with stakeholders will be very valuable for Tata Power as it looks to strengthen and expand its position in fast-evolving energy market.”

An electrical engineer, Sinha has over three decades of experience in the power sector and has been credited with transforming the power distribution sector and development and setting up of greenfield and brownfield power plants in India and abroad.

Sinha holds a Master’s degree in Business Law from the National Law School, Bengaluru, and is a research scholar at the Indian Institute of Technology, Delhi. He is also a visiting scholar at Massachusetts Institute of Technology, Boston.

“Tata Power is among the oldest and most iconic companies in the Tata group and it is my privilege to lead such an institution. I look forward to working with all our stakeholders and employees to take this company on its next stage of growth,” said Sinha.

Sardana offered his resignation in January, to be effective from April 30. He was among half a dozen Tata group senior management executives who quit after Chandrasekaran took charge of Tata Sons last year.

“Anil Sardana has submitted his resignation as the chief executive officer and managing director of the company, and as a director of the company, for personal reasons," Tata Power had said in a statement to the BSE on January 29.


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