Atul Sobti assumes charge as CMD of BHEL

Atul Sobti on Friday assumed charge as Chairman and Managing Director of state-owned power equipment maker Bharat Heavy Electricals Ltd (BHEL).

"On his appointment as Chairman & Managing Director of BHEL, Atul Sobti, 56, has assumed charge as CMD of India's largest Maharatna public sector engineering and manufacturing enterprise, here today," said a Bhel release.

In September last year, the government had approved the appointment of Sobti as CMD, BHEL, for a period of five years.

Prior to this, Sobti was Director on the Board of BHEL, heading two crucial portfolios of Power and Finance. Earlier, he also held additional charge of the post of Director (Engineering, Research and Development).

BHEL's power business has achieved major milestones including the highest ever capacity addition/synchronisation of 13,452 megawatts (MW) and 11,941 megawatts (MW) in financial years 2013-14 and 2014-15 respectively, the release said.

In 2014-15, BHEL exceeded Ministry of Power's capacity addition target by 19%, it said, adding that under his leadership, the trend has continued in the current fiscal (2015-16) and BHEL has already commissioned/synchronised projects of around 8,000 MW, the highest ever in the first nine months of a financial year.  

At 13:58 hours, the shares of BHEL were trading up 1.33% or Rs 2.25 at Rs 171.50 per scrip intraday on BSE.