NTPC designates Renu Narang as Chief Financial Officer (CFO)

New Delhi: Indian PSU, National Thermal Power Corporation Limited has appointed Ms. Renu Narang as the company's Chief Financial Officer (CFO) with immediate effect. Currently, she is serving as Executive Director (Finance) in the same largest energy conglomerate, the company said in a regulatory filing on Wednesday. 

The company mentioned, consequent upon cessation of Shri Anil Kumar Gautam as Chief Financial Officer of the Company w.e.f. May 31, 2022, Ms. Renu Narang, Executive Director (Finance) has been designated as Chief Financial Officer of the Company with immediate effect. The terms and conditions of the appointment including the remuneration of Ms. Renu Narang shall be as per the existing policy of NTPC. 

Ms. Renu Narang has over 34 years of experience in all aspects of Finance and Accounts. Resource mobilization from domestic and foreign lenders for both Long Term and Short Term needs has been her forte. Her experience spans over areas in International Finance, Budgeting, Financial Concurrence, Investor Services, Treasury and Commercial and Regulatory issues etc.

She has been involved in due diligence and evaluations for acquisitions of power assets as well as finalizing strategies for bidding for distribution circles as well as for overseas projects. She has also negotiated and finalized various innovative agreements for raising funds as well refinancing of loans. She is well conversant with the financial markets, both domestic and international and is cognizant of nuances in valuation of projects and loan negotiations. 

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