HPL Electric & Power appoints Manoj Dugar as Chief Financial Officer

HPL Electric & Power Ltd. has appointed Manoj Dugar as the Chief Financial Officer (CFO) of the company effective August 13, 2021. In this role, Dugar will be managing the entire gamut of financial operations of the company, including aspects of fundraising, commercial, legal, taxation, secretarial, merger & acquisition, and accounting operations.

HPL Electric & Power appoints Manoj Dugar as Chief Financial Officer

HPL Electric & Power Ltd. has appointed Manoj Dugar as the Chief Financial Officer (CFO) of the company effective August 13, 2021. In this role, Dugar will be managing the entire gamut of financial operations of the company, including aspects of fundraising, commercial, legal, taxation, secretarial, merger &acquisition, and accounting operations.

On this appointment, Gautam Seth, Joint Managing Director, HPL Electric & Power Ltd. said, “Manoj is a highly motivated, positive, and goal-oriented individual who has an in-depth understanding of the electrical industry.

"With his knack for identifying newer business paradigms and opportunities, I am confident that he will chart higher milestones and further strengthen our market leadership.”

Seth further added, “Manoj is highly proficient in managing and controlling financial aspects of large businesses having multiple and diverse manufacturing operations. His expertise in Financial & Management Accounting, Treasury & Banking, Fundraising will be truly beneficial to the company in the long run.”

Dugar is a qualified Chartered Accountant, having a rich experience of more than 26 years in the Finance and Accounts side of multiple businesses and industries. Previously, Dugar was associated with Orient Electric Limited and was responsible for leading the financial operations. Before joining HPL, Mr. Dugar was the Chief Financial Officer at ACT Infraport Limited.

At around 12:40 PM, HPL Electric & Power was trading at Rs71.40 apiece down by Rs3.55 or 4.74% on Sensex.