Koppu Sadashiv Murthy is appointed as BHEL CMD

Koppu Sadashiv Murthy, aged 56, had taken over the role of Chairman & Managing Director (CMD) at Bharat Heavy Electricals (BHEL), a state-run organisation. Prior to his appointment at BHEL, Murthy had served as the Executive Director of the Corporate Operations Management group within the organisation. Additionally, he also held the position of CMD at Bharat Pumps and Compressors (BPCL). Murthy, an alumnus of Bhopal University with a degree in Electrical Engineering, and an MBA in Finance, had started his journey with BHEL in 1989 at the Jhansi manufacturing unit. Over the course of 34 years, he had worked at various BHEL units including those in Hyderabad, Bhopal, Jhansi, and Varanasi. During his tenure as the Head of Corporate Operations Management in Delhi, BHEL experienced a turnaround under his leadership. The company managed to register profits in the financial years 2022-23 and 2021-22, following two years of losses. Despite the challenges posed by the Covid-19 pandemic at BHEL?s Varanasi unit, the company reported a profit before tax equivalent to over 25% of its revenue in the financial year 2020-21. At BPCL, Murthy's term was characterised by the establishment of strong relationships with stakeholders. This effort led to the monetisation of assets worth Rs 800 billion and the resolution of longstanding payment and contractual issues.