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BW Businessworld

Adani Power Replaces Ravi Sharma With Vineet Jain

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Adani Power Limited (APL) on Tuesday announced that the company has accepted the resignation of its executive director and chief executive officer (CEO), Ravi Sharma with effect from June 30, 2012. The company has appointed Vineet Jain as executive director.

"Ravi Sharma is leaving the company for personal reasons," APL announced in a press release. The board of directors of APL had appointed Jain as an ED with effect from May 14, 2012.

"After taking over business development function, which was earlier handled by Ravi Sharma, Vineet Jain now assumes the overall leadership role of project implementation, O&M and business development initiatives of the power business of Adani Group," the company statement said. Jain joined Adani Group in 2006. He had successfully implemented the 4620MW thermal power plant at Mundra, a 40MW solar power plant, the world's largest private HDVC transmission network and was responsible for O&M of operating power plants among other things.

Meanwhile, Adani Power shares ended flat on Wednesday at Rs 48.10 on BSE, while the benchmark sensex closed positive at 16,862.80 up 194 points.