Reliance Power Appoints Neeraj Parakh as Executive Director and CEO
Reliance Power has appointed Neeraj Parakh as its new Executive Director and Chief Executive Officer (CEO), effective January 20,2025. The company’s Board of Directors approved his 3-year term at the role.
January 21, 2025. By Mrinmoy Dey
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Anil Ambani-led Reliance Power Ltd. has announced the appointment of Neeraj Parakh as its new Executive Director and Chief Executive Officer (CEO), effective January 20, 2025. The Board of Directors approved Parakh’s three-year term in this leadership role.
Parakh has been with the Reliance Group for over two decades, joining in June 2004 as an Additional Manager in the Central Technical Services team at Reliance Infrastructure (Reliance Infra). Over the years, he has taken on progressively senior roles, showcasing expertise in areas such as planning, project monitoring, technical services, and project execution, the company shared in a regulatory filing.
He later expanded his focus to operations and maintenance at both Reliance Power and Reliance Infra before moving into leadership roles in the Central Procurement Group and Indirect Taxation. His diverse experience has equipped him with strong leadership capabilities and extensive knowledge across technology, commercial operations, and taxation.
“With 29 years of professional experience, including more than 20 years with Reliance, he has been instrumental in delivering numerous large-scale projects such as Yamuna Nagar, Hisar, Rosa, Sasan, Butibori, Damodar Valley Corporation, and renewable energy ventures like Solar PV and Solar CSP. These projects collectively contribute over 10 GW of power generation at a capital expenditure of INR 50,000 crore,” it said.
An engineering graduate in Production Engineering from YCCE Nagpur (1993) and a postgraduate in Business Administration (MBA) from Welingkar Institute of Management, Mumbai (1996), he combines technical expertise with a strategic mindset. “His contributions span technology selection, vendor localisation, regulatory compliance, and cross-functional leadership, making him a well-rounded professional with deep insights into the power sector,” it said.
The company has further informed that he has significantly reduced the organisation’s reliance on imports by successfully localising procurement for power plants and mining projects. He has built a robust network of local vendors, ensuring operational self-reliance and long-term sustainability. His leadership in technology selection, procurement, and contract management has driven efficiencies across the Reliance Power portfolio.
“Additionally, his expertise extends to navigating complex regulatory requirements and tax matters, enabling the Reliance Group to maintain compliance across multiple domains while ensuring smooth project operations. Known for his collaborative and assertive leadership style, he has built strong relationships with internal and external stakeholders while fostering team growth and development,” it said.
Parakh has been with the Reliance Group for over two decades, joining in June 2004 as an Additional Manager in the Central Technical Services team at Reliance Infrastructure (Reliance Infra). Over the years, he has taken on progressively senior roles, showcasing expertise in areas such as planning, project monitoring, technical services, and project execution, the company shared in a regulatory filing.
He later expanded his focus to operations and maintenance at both Reliance Power and Reliance Infra before moving into leadership roles in the Central Procurement Group and Indirect Taxation. His diverse experience has equipped him with strong leadership capabilities and extensive knowledge across technology, commercial operations, and taxation.
“With 29 years of professional experience, including more than 20 years with Reliance, he has been instrumental in delivering numerous large-scale projects such as Yamuna Nagar, Hisar, Rosa, Sasan, Butibori, Damodar Valley Corporation, and renewable energy ventures like Solar PV and Solar CSP. These projects collectively contribute over 10 GW of power generation at a capital expenditure of INR 50,000 crore,” it said.
An engineering graduate in Production Engineering from YCCE Nagpur (1993) and a postgraduate in Business Administration (MBA) from Welingkar Institute of Management, Mumbai (1996), he combines technical expertise with a strategic mindset. “His contributions span technology selection, vendor localisation, regulatory compliance, and cross-functional leadership, making him a well-rounded professional with deep insights into the power sector,” it said.
The company has further informed that he has significantly reduced the organisation’s reliance on imports by successfully localising procurement for power plants and mining projects. He has built a robust network of local vendors, ensuring operational self-reliance and long-term sustainability. His leadership in technology selection, procurement, and contract management has driven efficiencies across the Reliance Power portfolio.
“Additionally, his expertise extends to navigating complex regulatory requirements and tax matters, enabling the Reliance Group to maintain compliance across multiple domains while ensuring smooth project operations. Known for his collaborative and assertive leadership style, he has built strong relationships with internal and external stakeholders while fostering team growth and development,” it said.
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