Koppu Sadashiv Murthy is the New GFO of Bharat Heavy Electricals

Bharat Heavy Electricals (BHEL) has reinforced its financial stewardship with the appointment of Koppu Sadashiv Murthy as Chief Financial Officer, effective from April 24, 2024. This strategic decision, approved by the board, marks a pivotal moment for BHEL’s financial trajectory. Murthy’s appointment comes as part of a strategic restructuring, replacing Jai Prakash Srivastava in the CFO role.

Murthy, an Electrical Engineering graduate from Bhopal University with an MBA in Finance, brings a wealth of experience spanning over 34 years across various domains within BHEL. His extensive tenure encompasses strategic, operational, and project management roles across manufacturing units in Hyderabad, Bhopal, Jhansi, and Varanasi. Murthy’s expertise extends to encompassing project finance, commercial management, and comprehensive knowledge of financial systems and procedures.

With the Government of India holding a significant stake of 63.17%, BHEL plays a crucial role in driving the nation’s economic growth. Despite facing challenges, BHEL’s resilience shines through, with a steadfast commitment to operational excellence. While Q3 FY24 witnessed a standalone net loss of Rs 163 crore, BHEL’s income from operations rose by 7% YoY to Rs 5,273 crore, reflecting its enduring capability to navigate through dynamic market conditions.

Murthy’s appointment underscores BHEL’s unwavering dedication to financial prudence and strategic foresight as it continues its journey of innovation and growth in the Indian industrial landscape.

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