Koppu Sadashiv Murthy, (CMD) with additional charge of Director (Finance) has been appointed as CFO in place of Jai Prakash Srivastava, Director (E, R&D).

Murthy is an Electrical Engineering graduate from Bhopal University with an MBA in Finance. During 34 years of years of wide-ranging experience in corporate office and in various manufacturing units of BHEL such as Hyderabad, Bhopal, Jhansi, and Varanasi, Murthy developed a comprehensive set of competencies in strategic, operational, project & commercial management, project finance & control, capital & revenue budgeting and receivables management.

He is also having the expertise knowledge in the area of Financial systems & procedures to put in place financial frameworks together with an in-depth knowledge of corporate financial law, risk management practices, data analysis, forecasting methods and ability to strategize and solve problems efficiently.

State-run Bharat Heavy Electricals (BHEL) is engaged in design, engineering, construction, testing, commissioning and servicing of a wide range of products and services to the core sectors of economy. As of 31 March 2024, the Government of India held 63.17% stake in the company.

The company posted a standalone net loss of Rs 163 crore in Q3 FY24 as against a net profit of Rs 31 crore in Q3 FY23. The public sector undertaking?s income from operations rose by 7% YoY to Rs 5,273 crore in the third quarter.

The scrip rallied 2.90% to end at Rs 271.60 on Thursday, 25 April 2024.

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