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 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, Fund raising 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 Finance and Accounts side of multiple business 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.