Also, Gopal will take charge as a whole-time director from July 1, 2018.
The board in its meeting held today also appointed Shrenik Vaishnav as chief financial officer, with effect from May 2, 2018.
Explaining reasons for changes, the company said, N Venugopala Rao, whole-time director, chief executive officer and with additional responsibility of chief financial officer, will superannuate from the services of the company from the close of business hours on June 30, 2018.
Gopal has over thirty-five years of industry and leadership experience in both public and private domains.
The company said that he is a well acknowledged leader in power industry circles of the country known for deep insight, vision, team building capability, fostering strong relationships and a proven track record of execution and operation of large independent power projects.
Vaishnav is a chartered accountant and has over 28 years of experience in finance, accounting, corporate restructuring, M&A, mobilisation of financial resources and setting up of control systems, etc.
Currently, the company said that he is working as senior vice president (corporate accounts) and chief accounts officer (CAO) with Reliance Communications Ltd and has worked in the past with Nirma Ltd, Torrent Pharmaceuticals Ltd, etc.