Reliance Group restructures boards to dominate green energy and infrastructure

Reliance Group’s flagship companies, Reliance Infrastructure Limited and Reliance Power Limited, announced a transformative restructuring of their boards on 18 November, aimed at driving their Vision 2030 growth strategy. This strategic shift is designed to infuse fresh energy into the leadership by elevating experienced internal talent to key decision-making roles while aligning with the company’s commitment to innovation and renewable energy.

The newly reconstituted boards feature four senior leaders promoted to crucial positions. Reliance Power has appointed its Chief Financial Officer, Ashok Pal, as Executive Director. Sachin Mohapatra, who serves as the CEO of Sasan Power Plant, and Harmanjit Singh Nagi, the President of Corporate Development, have been inducted as additional directors. On the other hand, Reliance Infrastructure has welcomed Partha Sarma, the President of Group Corporate Development, as an additional director.

These leadership appointments underscore Reliance Group’s focus on internal growth and recognition of exceptional talent. Ashok Pal, a seasoned Chartered Accountant with over 25 years of expertise in finance, taxation, and compliance, has been a vital force at Reliance Power for over seven years. His elevation reflects the company’s trust in his ability to steer financial strategies amid evolving industry landscapes. Similarly, Sachin Mohapatra’s stewardship of the 4,000 MW Sasan Ultra Mega Power Project—a globally recognised thermal plant—has demonstrated his leadership in sustainable operations. Harmanjit Singh Nagi brings a wealth of experience in green energy, having led large-scale solar and hydroelectric initiatives, while Partha Sarma’s track record in corporate development and infrastructure growth marks him as a valuable addition to the leadership.

To support this transition, the Reliance Group has established the Reliance Group Corporate Centre (RGCC), tasked with providing strategic guidance to the newly appointed directors. This initiative is a testament to the group’s dedication to ensuring seamless integration of its new leaders while enabling the companies to tackle emerging challenges.

With both companies nearing debt-free status, the Reliance Group is poised for a robust expansion into renewable energy, infrastructure development, and defense manufacturing. Its Vision 2030 blueprint prioritises innovation, sustainability, and long-term growth. The group’s financial health is evidenced by its impressive annual turnover of ₹31,000 crore and a shareholder base of over 4 million, placing it in a strong position to achieve its ambitious goals.

The restructuring represents more than just a leadership change; it signals a forward-looking approach that prioritises sustainability, technological advancement, and agility in an ever-evolving energy and infrastructure market.