Ratan Tata steps down as Tata Power chairman
Quotes

Ratan Tata steps down as Tata Power chairman

Last Updated: Thursday, November 8, 2012, 17:38
 
 Comment 0
 
Ratan Tata steps down as Tata Power chairman
New Delhi: Country's largest electricity producer in the private sector, Tata Power Thursday said Ratan Tata has stepped down as chairman of the company.

"Effective November 8, Ratan N Tata has stepped down as chairman of Tata Power and Cyrus P Mistry, has been appointed chairman," the company said in a statement.

Ratan Tata, who has been on the company board since 1989, would remain a board member till his retirement in December 2012.

Mistry, who would be succeeding as the chairman of Tata group, was inducted into Tata Power board on December 23, 2011.

"He (Mistry) also served on the board of Tata Power earlier for 10 years (from 1996 to 2006). A director of Tata Sons since 2006, he was appointed deputy chairman of Tata Sons in November 2011," the statement said.

Tata Power has an installed generation capacity of 6,899 MW.

PTI



First Published: Thursday, November 8, 2012, 17:38


Comments


comments powered by Disqus
World`s Top 10 Powerful Women
World`s Top 10 Powerful Women
New Age XUV500
New Age XUV500
Renault Kwid
Renault Kwid
Tata GenX Nano
Tata GenX Nano
2015 Indian Roadmaster
2015 Indian Roadmaster

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved