Reliance Power a part of Anil Ambanis Reliance Group has announced the appointment of Neeraj Parakh as its Chief Executive Officer (CEO) for a three-year term effective Monday. The company which boasts a market capitalization of Rs 16062 crore confirmed the news in an exchange filing. Parakh’s elevation as Executive Director and CEO is subject to the approval of the company’s members. Who Is Neeraj Parakh? Parakh who is not related to any of the companys directors brings nearly three decades of professional experience including over 20 years with the Reliance Group. He began his journey with the organization in June 2004 as an additional manager in the Central Technical Services team at Reliance Infrastructure (Reliance Infra). His initial responsibilities involved planning project monitoring technical services and execution. Over time he expanded his focus to operations and maintenance within Reliance Power and Reliance Infra. Reliance Power credited Parakh’s expertise in regulatory compliance and tax matters stating that his skills have been instrumental in ensuring smooth project operations and maintaining adherence to complex legal requirements. His diverse professional background also includes a stint in the Central Procurement Group and Indirect Taxation which has enriched his understanding of technology commercial operations and taxation. Neeraj Parakh Tenure In Reliance Group During his tenure at Reliance Parakh has played a pivotal role in the execution of several large-scale projects such as Yamuna Nagar Hisar Rosa Sasan Butibori Damodar Valley Corporation and renewable energy initiatives like Solar PV and Solar CSP. Notably Reliance Power operates the 4000 MW Sasan Ultra Mega Power Project in Madhya Pradesh recognized as the world’s largest integrated thermal power plant. To strengthen its focus on renewable energy Reliance Power has also established a dedicated subsidiary Reliance NU Energies. The company is committed to driving innovation and sustainability in the energy sector as part of its future growth strategy. On Monday Reliance Power’s shares closed at Rs 40.93 reflecting market interest in the company’s evolving leadership and renewable energy plans.