Power Grid Appoints Amol Taori as Finance Director on Five-Year Term
The state-owned transmission utility names veteran HPCL executive as its new finance chief, effective immediately.
Veteran Finance Executive Takes Helm
Power Grid Corporation of India Limited (POWERGRID) announced the appointment of Shri Amol Babulal Taori as Director (Finance), with the executive assuming charge on August 18, 2026 (Other Financials filing, 2026-08-18). The appointment, approved by the company's Board of Directors at a meeting held the same day, follows a Ministry of Power order issued on August 12, 2026.
The appointment carries a term of "05 (five) years w.e.f. the date of his assumption of charge of the post, or until further orders, whichever is earlier" (Other Financials filing, 2026-08-18). Taori's arrival ends an interim arrangement in which Dr. Yatindra Dwivedi, Director (Personnel), held additional charge of the finance portfolio. Dwivedi relinquished that additional responsibility upon Taori's assumption of the role.
Deep Experience in Energy Sector Finance
Taori brings "nearly 30 years of rich and diverse experience across Finance, Treasury, International Trade, Marketing, and Compensation Management" to the $26 billion state-owned transmission utility (Other Financials filing, 2026-08-18). Prior to joining POWERGRID, he served as Executive Director (In-charge) - International Trade at Hindustan Petroleum Corporation Limited (HPCL), where he "managed crude procurement of approximately 700 kbd, product imports and exports, chartering/shipping arrangements, and oil price risk management" (Other Financials filing, 2026-08-18).
The chartered accountant's career highlights include managing "one of India's largest corporate treasuries for over a decade" and spearheading "HPCL's maiden USD bond issue, achieving one of the most competitive pricing spreads by an Indian issuer" (Other Financials filing, 2026-08-18). He also conceptualized an Oil Bond Swap that helped reduce borrowing costs and facilitated HPCL's first foreign currency swaps and revolving line of credit.
Taori has international board experience, having served as a Director on the Board of HPCL Middle East FZCO in Dubai, and represented HPCL at global equity and debt roadshows. He has also held trustee positions for all employee benefits trusts at HPCL.
Governance and Independence
In its filing to the stock exchanges, POWERGRID confirmed that Taori "is not related to the Directors or Key Managerial Personnel of the Company and is also not debarred from holding the office by virtue of any SEBI Order or any other authority" (Other Financials filing, 2026-08-18). The board meeting that approved the appointment commenced at 3:05 P.M. IST and concluded at 3:15 P.M. IST on August 18.
The company, trading at ₹268 on the last close, has its annual general meeting scheduled for August 20, 2026, according to MarginX data. Recent insider activity shows modest share purchases by executives including J K Parihar (6,000 shares), Sandeep Kumar Jain (5,000 shares), and R Krishna Moorthy (286 shares), per MarginX data.
The appointment comes as POWERGRID continues to play a critical role in India's power transmission infrastructure, with Taori's treasury and international finance expertise potentially valuable as the utility navigates capital markets and infrastructure expansion.
This article was generated by MarginX from the Other Financials filing on 2026-08-18. It is not investment advice.