Bharat Heavy Electricals Limited (BHEL), India’s flagship engineering and manufacturing company under the Ministry of Heavy Industries, has officially announced significant changes in its senior management leadership effective from 25th June 2025, in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In a regulatory communication submitted to both BSE Limited and the National Stock Exchange of India Ltd., the company detailed new appointments and superannuation of two top-level officials as part of its ongoing internal organisational developments.

New Appointments in Senior Management

1. Shri Dipesh Palit has been appointed as General Manager & Head of Power Sector - Technical Services (PS-TS), Noida.

   • Reporting Structure: He will now report to the Director (Power), BHEL.

   • Educational Background: Shri Palit holds a Bachelor’s degree in Electronics & Communication Engineering.

   • Tenure with BHEL: He joined BHEL on 9th July 1992 and brings with him an impressive 33 years of experience in the company.

   • His appointment comes at a time when BHEL is seeking to boost operational effectiveness and technical capability within the Power Sector vertical.

2. Shri Heeralal Bharani has been appointed as General Manager (Corporate HSE), Noida, and will serve as the new Head of the Corporate Health, Safety, and Environment (HSE) function.

   • Reporting Structure: He will report directly to the Director (HR), BHEL.

   • Academic Credentials: He holds a Bachelor's degree in Electrical Engineering and an MBA in Finance.

   • Experience: Shri Bharani joined the organization on 3rd February 1993, and like Shri Palit, has also completed 33 years of service.

   • His leadership is expected to strengthen BHEL’s environmental governance, workplace safety, and corporate sustainability practices across its nationwide operations.

These leadership changes align with BHEL's efforts to ensure succession planning, leadership continuity, and organizational rejuvenation, especially in its Noida-based technical and corporate units, which play a crucial role in project management, power sector delivery, and enterprise-wide health and safety compliance.

Senior Management Superannuation

In the same announcement, BHEL also disclosed that two of its long-serving senior executives superannuated on 24th June 2025:

1. Shri Jagat Singh, who held the position of Executive Director (Power Sector - Technical Services), Noida, has retired after an extensive career with the company. His leadership was integral in driving the strategic vision and operational delivery of BHEL’s PS-TS vertical.

2. Shri Sanjay Dayaram Goswami, who served as Executive Director (HSE), Noida, has also concluded his tenure. He was instrumental in advancing HSE frameworks within the organization and promoting a culture of safety and compliance.

The retirement of these two Executive Directors, coinciding with the promotion and appointment of their successors, underscores BHEL’s commitment to smooth leadership transitions and to maintaining institutional knowledge while fostering new leadership within the company’s senior cadre.

Strategic Implications

The restructuring is part of BHEL’s broader transformation agenda aimed at:

• Enhancing power sector performance and project execution efficiency

• Elevating health, safety, and environment standards across its industrial facilities and project sites

• Driving leadership agility in line with the evolving challenges in the energy and engineering sectors

BHEL, being a Maharatna company and a critical pillar in India's power and engineering ecosystem, continuously focuses on aligning its talent management and executive leadership with its long-term growth and sustainability strategies.

The new appointments—both internally promoted from within—demonstrate BHEL's robust internal talent pipeline. The extensive service history of both Shri Palit and Shri Bharani also highlights the institutional stability and career development culture that BHEL promotes.

These leadership shifts are likely to have a positive impact on BHEL’s strategic initiatives, particularly in power plant engineering, EPC project management, and environment-friendly industrial operations. The company is currently undergoing modernisation and diversification efforts, including ventures into renewable energy, defence manufacturing, and electric mobility infrastructure.

Regulatory Compliance and Corporate Governance

The announcement was made in compliance with the SEBI Listing Obligations, ensuring transparency and prompt disclosure to all stakeholders, including investors, regulators, and the public. Sayed Salahuddin, Deputy Manager, Corporate Communication, BHEL, signed off the notification, reinforcing the company's commitment to governance standards and timely public disclosure.

Investors and market participants tracking BHEL’s stock (listed under Scrip Code: 500103 on BSE and Symbol: BHEL on NSE) will view this development as a normal yet essential element of corporate continuity. Senior management transitions often indicate long-term planning and risk mitigation in human capital management.

Conclusion

To summarize, Bharat Heavy Electricals Limited has successfully initiated a senior leadership transition, with the appointment of Shri Dipesh Palit as Head of Power Sector - Technical Services and Shri Heeralal Bharani as Head of Corporate HSE, both effective 25th June 2025. Simultaneously, Shri Jagat Singh and Shri Sanjay Dayaram Goswami, two highly respected Executive Directors, have superannuated from BHEL on 24th June 2025.

This carefully planned succession reflects BHEL’s resilient leadership framework, institutional knowledge continuity, and its drive to strengthen business verticals through capable, experienced, and forward-thinking leaders. As BHEL enters its next phase of strategic execution and transformation, these appointments reinforce its readiness to adapt and lead in a dynamic industrial landscape.

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