Manoj Sharma assumes charge as Power Finance Corporation's Commercial Director; stock gains ~1%

30 Aug 2022 , 11:03 AM

Power Finance Corporation Limited informed that Manoj Sharma has assumed the charge of Director (Commercial) on the company’s board.

His appointment is pursuant to the order of the Ministry of Power, Government of India.

Manoj’s appointment is effective from August 29, 2022.

Shri Manoj Sharma, 56, is a chartered accountant with a law degree (LLB). He joined PFC in 1990 as Executive Director (In Charge) of the Commercial Division before becoming Director (Commercial), PFC.

Manoj has almost 30 years of expertise in the electricity industry. He has worked in a variety of areas and domains at PFC, including institutional appraisal and development, entity appraisal, legal & documentation, taxation, budget, audit, preparation of financial statements & audit reports, financial analysis, resource mobilization, debt syndication, and consultancy assignments on financial/commercial aspects of the power sector.

In addition, he also served as Chairman of PFC Projects Limited and Jharkhand Infrapower Limited.

At around 11.11 AM, Power Finance Corporation was trading at Rs119.75 up by 1.01% from its previous closing of Rs118.55 on the BSE. The scrip opened at Rs119.85 and touched intraday high and low of Rs120.10 and Rs119 respectively.

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