Bharat Heavy Electricals Ltd (BHEL) on Wednesday announced that Koppu Sadashiv Murthy took charge as the Chairman and Managing Director of the public sector engineering and manufacturing enterprise today.
Prior to this, Koppu Sadashiv Murthy was the Executive Director of the Corporate Operations Management group at BHEL, and also simultaneously held additional charge of Chairman and Managing Director of Bharat Pumps and Compressors Limited (BPCL).
An Electrical Engineering graduate from Bhopal University with an MBA in Finance, Koppu Sadashiv Murthy joined BHEL in 1989 at its Jhansi manufacturing unit. “During his 34 years of years of wide-ranging and hands-on experience in BHEL’s Corporate Office and in various manufacturing units such as Hyderabad, Bhopal, Jhansi, and Varanasi, Murthy has developed a comprehensive set of competencies in strategic, operational, project and commercial management,” the company said in a regulatory filing.
As Head of Corporate Operations Management at Delhi, Koppu Sadashiv Murthy played a vital role in turning the company profitable in FY22-23 and FY21-22 after two years of losses.
While heading BHEL’s Varanasi manufacturing unit, he led all aspects of the unit’s portfolio and despite the challenges posed by the partial closure/lockdown of the factory during Covid, achieved remarkable results in FY20-21, with a PAT of over 25 per cent of revenue, a historically low inventory level and a cash surplus, it added.
“As CMD, BPCL, his exceptional skills in building robust stakeholder relationships drove mutually beneficial outcomes of monetisation of assets to the tune of Rs 80 crore, and resolution of long pending payment and contractual issues with customers, contractors and suppliers,” BHEL said in a statement.