HEG Advanced Materials Limited has announced the appointment of Riju Jhunjhunwala as the new Chairman of its subsidiary companies, Malana Power Company Limited (MPCL) and AD Hydropower Limited (ADHPL). This strategic move aligns the leadership of the group’s hydropower assets with its broader green power initiatives under HEG Advanced Materials. Mr. Ravi Jhunjhunwala will continue to serve on both boards, providing continuity.
Leadership Update for Key Energy Assets
In a significant leadership update, Riju Jhunjhunwala has been appointed as the Chairman of the Boards for both Malana Power Company Limited (MPCL) and AD Hydropower Limited (ADHPL). These appointments were approved by the respective boards on October 26, 2026, following recommendations from the Nomination and Remuneration Committee. The move aims to integrate the strategic direction of these hydropower companies more closely with HEG Advanced Materials Limited’s vision for its advanced battery materials and green power businesses.
Continuity and Strategic Alignment
Mr. Ravi Jhunjhunwala will continue his role as the Managing Director of MPCL and will remain a member of both Boards, ensuring a seamless transition and continuity in guidance. HEG Advanced Materials Limited, a part of the LNJ Bhilwara Group, houses the group’s diverse clean energy assets and is focusing on battery energy solutions and green power. This appointment marks a step towards consolidating leadership across the group’s renewable energy portfolio.
About the Hydropower Assets
Malana Power Company Limited operates the 86 MW Malana Hydroelectric Project, a run-of-river plant in Himachal Pradesh commissioned in 2001. Its subsidiary, AD Hydro Power Limited, manages the 192 MW Allain Duhangan Hydroelectric Project, also located in Himachal Pradesh, commissioned in 2010. Both projects are integral to India’s hydropower generation capacity.
Company Vision
Commenting on the appointment, Riju Jhunjhunwala stated, “MPCL and ADHPL are among the Group’s longest-standing clean energy assets… Hydropower provides the kind of reliable, renewable generation that will become more valuable as India adds more solar and wind capacity. I look forward to working with the Boards and the teams to run these assets well and to strengthen their role within HEG Advanced Materials’ green power platform.” Ravi Jhunjhunwala added, “With Riju as Chairman, the companies will build further on that strong foundation within HEG Advanced Materials. I remain fully engaged with both Boards and look forward to supporting their next phase of growth.”
HEG Advanced Materials Focus
HEG Advanced Materials Limited is positioned as a new-age platform focused on advanced battery materials, graphene, and green power solutions. The company leverages its extensive manufacturing and R&D expertise to develop products for the evolving electric vehicle (EV), battery energy storage systems (BESS), and energy storage ecosystem.
Source: BSE
