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L&T rejigs board roles as a director will retire


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L&T rejigs board roles as a director will retire

NewsStock Analysis, IPO, Mutual Funds, Bonds & MoreShailendra Roy, senior executive vice-president and director for power and corporate affairs, will be superannuated after eight years on the board of the $21-billion conglomerate.Last Updated: Jul 07, 2020, 07.32 AM ISTWikipediaMUMBAI: Larsen & Toubro has rejigged board roles by giving additional responsibility of corporate affairs to managing…

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    Shailendra Roy, senior govt vice-president and director for energy and corporate affairs, will likely be superannuated after eight years on the board of the $21-billion conglomerate.

    Final Up up to now: Jul 07, 2020, 07.32 AM IST

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    MUMBAI: Larsen & Toubro has rejigged board roles by giving additional responsibility of corporate affairs to managing director SN Subrahmanyan and making hydrocarbon trade head Subramanian Sarma guilty for the energy trade as successfully, because the director representing both roles is as a result of retire on Tuesday, in step with firm sources.

    Shailendra Roy, senior govt vice-president and director for energy and corporate affairs, will likely be superannuated after eight years on the board of the $21-billion conglomerate.

    L&T additionally appointed Derek M Shah the govt. vice-president and head of the self reliant energy firm, said an inner spherical that ET has a duplicate of. Shah will additionally be chairing boards of the two joint ventures of L&T with Mitsubishi Hitachi Energy Programs and Mitsubishi Electrical Corporation. Before this, he used to be govt vice-president and head of the coal energy plant trade of the energy IC.

    “As a coverage, we scheme no longer observation on such queries. We are capable of duly focus on choices, if any, by scheme of well-liked channels,” L&T said in a response to an electronic mail equery from ET.

    Roy is believed to be in talks with the authorities for an advisory feature.

    When ET reached out to Roy, he declined to observation, but added “I will likely be doing one thing the establish I will use my a few years of abilities for the nation.”

    (What’s transferring Sensex and Nifty Discover latest market news, stock guidelines and expert advice on ETMarkets. Additionally, ETMarkets.com is now on Telegram. For quickest news signals on financial markets, funding techniques and stocks signals, subscribe to our Telegram feeds.)

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