Essar Power's renewables unit names Ankur Kumar CEO

16 Apr 2024 CW Team

Essar Power, owned by Ruia, announced that Ankur Kumar had been appointed as the Chief Executive Officer of its renewables business division.

Essar Power stated that Ankur would play a crucial role in advancing Essar's commitment to transitioning into green energy and establishing a robust renewable ecosystem in India. They mentioned that Kumar brought a wealth of knowledge and expertise to his new role, drawing from his over 24 years of experience in renewable energy and public infrastructure sectors.

It was noted that previously Kumar had served as the CEO at ACME Solar Holdings, where he led the strategic expansion of the company into green hydrogen and ammonia businesses. He had also held a leadership position at TBEA Xinjiang Sunoasis Co, a Chinese green energy company.

Essar Power further stated that in his new role, Kumar would collaborate closely with the Essar Power board and leadership teams to work towards building a strong portfolio in renewable energy and onboarding other crucial talents to drive Essar Power's green energy initiatives forward.

Kumar, an alumnus of the Indian Institute of Management, Indore, where he obtained his MBA in Finance and Strategy, and also holding a Bachelor of Commerce (Hons.) degree from Delhi University, was quoted as saying, Essar is aggressively pursuing its vision of transforming sector landscapes to green. With Ankur Kumar joining us, we hope to further our plans in renewables. His wealth of experience and demonstrated leadership will help drive Essar Power towards a more sustainable future, by Prashant Ruia, Director of Essar Capital.

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