People: Torrent Power Ltd (TOPO.NS)
7 Aug 2020
Shri. Markand Bhatt is Whole Time Director of Torrent Power Ltd. He is a Post Graduate of IIM, Ahmedabad is the Group Chief Executive Officer of Torrent Group. He has more than 42 years of professional managerial experience in multi disciplinary areas dominated by more than two decades of principal involvement in power sector projects. He has played a pivotal role in the entire journey of the SUGEN Mega Power project - from concept to commissioning of the project, which is unique in many respects. The project was completed within the budgeted cost resulting in the lowest per MW cost due to his sustained efforts. Shri Bhatt is also responsible for implementation of 382.5 MW UNOSUGEN project and 1200 MW DGEN project which have made considerable progress on site. He also oversees other generation project initiatives which are in the pipeline such as Torrent Pipavav Generation etc. He was also the Managing Director of erstwhile Gujarat Torrent Energy Corporation Limited (GTEC) which set up 655 MW Gas based dual fuel Combined Cycle Power project within budgeted cost and timelines. He spearheaded the divestment of GTEC by Torrent Group, which was the biggest ever M & A deal in the country at that point of time. Earlier, he practised as a Management Consultant and was associated with various premier government organisations and private groups such as Torrent, Nirma, Cama, Raymond, etc.
|Total Annual Compensation, INR||43,000|
|Restricted Stock Award, INR||--|
|Long-Term Incentive Plans, INR||--|
|All Other, INR||--|
|Fiscal Year Total, INR||43,000|