Riju Jhunjhunwala has been appointed Chairman of the Board of Malana Power Company Limited (MPCL) and AD Hydro Power Limited (ADHPL), both LNJ Bhilwara Group companies owned through HEG Advanced Materials Limited.
The appointments were approved by the respective Boards at their meetings held on October 26, 2026, following the recommendation of the Nomination and Remuneration Committee of MPCL. The appointments are subject to approval of the Board of HEG Advanced Materials Limited.
Riju Jhunjhunwala is also the Chairman, Managing Director and CEO of HEG Advanced Materials Limited, which houses the LNJ Bhilwara Group’s advanced battery materials, battery energy solutions and green power businesses. His appointment brings the leadership of the Group’s hydropower companies in line with HEG Advanced Materials.
Ravi Jhunjhunwala will continue to serve as Managing Director of MPCL and remain on the Boards of both companies, providing continuity and guidance.
Commenting on the appointment, Riju Jhunjhunwala said, “MPCL and ADHPL are among the Group’s longest-standing clean energy assets, and the speed with which Malana was built remains a benchmark for hydropower in India. 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 said, “MPCL and ADHPL were built in some of the most challenging terrain in the country, and their teams have run them with real commitment, delivering reliable clean power for years. 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.”
MPCL operates the 86 MW Malana Hydroelectric Project, a run-of-river plant in Kullu district, Himachal Pradesh. The project was commissioned in 2001. ADHPL operates the 192 MW Allain Duhangan Hydroelectric Project near Manali in Kullu district, Himachal Pradesh, which was commissioned in September 2010.
HEG Advanced Materials is part of the LNJ Bhilwara Group and operates across advanced battery materials and graphene, battery energy solutions and green power.
