CHENNAI, June 1, 2026 — State-owned power and mining giant NLC India Limited has announced a key leadership transition following the retirement of Director (Power) M. Venkatachalam, who stepped down upon attaining the age of superannuation.
In a regulatory filing submitted to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, the company confirmed that M. Venkatachalam ceased to hold office as Director (Power) with effect from May 31, 2026.
Retirement Marks End of Distinguished Tenure
According to the company, although the official date of superannuation was May 31, 2026, which fell on a Sunday, Venkatachalam was formally relieved from his duties on May 30, 2026.
During his tenure, he played a significant role in overseeing thermal power generation, renewable energy operations, and the company’s broader efforts to strengthen its position in India’s evolving energy sector. His leadership contributed to the operational performance and expansion of NLC India’s power-generation portfolio, which includes both conventional and renewable energy assets.
Rajesh P. S. Sisodia Given Additional Charge
To ensure seamless continuity in leadership, the Ministry of Coal has assigned the additional charge of Director (Power) to Rajesh Pratap Singh Sisodia, who currently serves as Director (Planning & Projects) at NLC India.
The additional responsibility became effective on June 1, 2026, and will remain in force for an initial period of three months, or until a regular appointment is made to the position, or until further government orders are issued, whichever occurs first.
The move is expected to ensure uninterrupted management of the company’s power-generation business while the process for appointing a permanent Director (Power) is undertaken.
Strategic Importance for NLC India
The leadership change comes at a crucial time as NLC India continues to pursue expansion across multiple segments of the energy sector, including:
- Thermal power generation
- Solar energy projects
- Renewable energy development
- Integrated mining operations
- Capacity expansion initiatives across India
As one of India’s leading integrated mining and power sector public sector undertakings (PSUs), NLC India plays a vital role in supporting the country’s growing electricity demand and clean-energy transition goals.
Industry observers note that continuity in senior leadership is particularly important as the company advances several ongoing infrastructure and power-generation projects aimed at enhancing energy security and sustainability.
Regulatory Compliance and Investor Significance
The company stated that the disclosure was made in compliance with SEBI’s disclosure requirements, ensuring transparency for shareholders, investors, and market participants.
Leadership transitions at major government-owned energy companies such as NLC India are closely watched by stakeholders because of their potential impact on project execution, operational performance, and long-term growth strategies.
Key Highlights
- M. Venkatachalam retired as Director (Power) of NLC India upon superannuation.
- He was relieved on May 30, 2026, as May 31 fell on a Sunday.
- Rajesh Pratap Singh Sisodia has been assigned additional charge of Director (Power).
- The appointment is effective from June 1, 2026.
- The arrangement will continue for three months or until a regular appointment is made.
- NLC India continues to expand its thermal and renewable energy portfolio across India.
- The disclosure was made under SEBI’s Regulation 30 requirements.
