Tata Power designates three independent directors

Tata Power has appointed three independent directors – Anjali Bansal, Vibha Padalkar and Sanjay Bhandarkar – on the its board with effect from October 14, 2016.

The appointments are in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Tata Power said in a statement today.

While Bansal is a Senior Advisor to TPG Capital (TPG), a leading global private equity fund based in Mumbai, Padalkar is Executive Director and CFO at HDFC Standard Life Insurance Company (HDFC Life).

Bhandarkar is the former MD of Rothschild’s Investment Banking operations in India.

The appointment of all the three independent directors was recently approved at a Board meeting.

Tata Power together with its subsidiaries and jointly controlled entities has an installed gross generation capacity of 9,432 MW and a presence in all the segments of the power sector namely fuel security and logistics, generation (thermal, hydro, solar and wind), transmission, distribution and trading.

Post WREPL (Welspun Renewables Energy) acquisition, the installed gross generation capacity would be 10,573 MW.

PTI FEED