Nalin Shinghal takes over as BHEL Chairman

New Delhi: Nalin Shinghal has taken over as the new Chairman and Managing Director (CMD) of state-owned power equipment maker BHEL.

He replaces M V Gowtama, who retired after attaining the superannuation age of 60 years on June 30. "Prior to joining BHEL, he was the CMD of Central Electronics Ltd (CEL)," the company said in a statement.

Shinghal, 56, will have a term till the end of October 2023. An IIT-Delhi and IIM Calcutta passout, he has been a Commonwealth Scholar and is a PhD in Transport Economics from the University of Leeds, UK.

"He joined CEL in 2013 as CMD when the company was facing chronic financial sickness with almost 90 per cent net worth eroded.

Under his leadership, CEL was successfully turned around into a profit-making company which has been making rapidly growing profits in the past six years," the statement said.

In his long career span of over 30 years, he has undertaken various assignments in the private and public sector.

He has worked with the Indian Railways Traffic Service (IRTS) in various capacities in operations, commercial and marketing functions and also with PSUs like CONCOR, IRCTC, and CEL, in diverse areas.

He has also worked with the Long-Range Decision Support group of the Ministry of Railways.

"During his term with Indian Railways Catering & Tourism Corporation Limited (IRCTC) as Director Tourism & Marketing, the company attained 'Mini-Ratna' status and achieved rapid growth," the statement said.