Power Ministry to Set Up Search-Cum-Selection Committee for New NTPC CMD

The Ministry of Power has initiated a new process to appoint the Chairman and Managing Director of NTPC Limited after the standard selection exercise conducted by the Public Enterprise Selection Board did not result in the identification of a suitable candidate, as per PTI report. 

New Selection Process for NTPC Leadership 

The Public Enterprise Selection Board, which functions under the Department of Personnel and Training and handles recruitment for senior leadership roles in central public sector enterprises, had evaluated around 12 candidates for the CMD position at NTPC.  

Since the board did not recommend any candidate, the government has decided to proceed with a search-cum-selection committee, a route typically adopted when the PESB process does not yield a suitable choice. 

Application Timeline and Current Leadership 

According to a notice issued by the power ministry on February 28, the appointment of the Chairman and Managing Director of NTPC will now be conducted through this committee. 

Applications have been invited from eligible candidates, with March 28, 2026, set as the deadline.  

NTPC is currently led by Gurdeep Singh, whose tenure was originally scheduled to end on July 31, 2025, but has been extended until August 1, 2026, due to the absence of a successor. 

Wider Pattern in PSU Leadership Appointments 

In recent years, PESB has also faced challenges in identifying leadership candidates for several major public sector companies.  

Since 2021, it has not been able to finalise appointments for Oil and Natural Gas Corporation, Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation Ltd.  

Notably, Gurdeep Singh himself was selected as NTPC CMD in 2016 through a search-cum-selection committee process. 

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NTPC Share Price Performance  

As of 04 March 2026, at 11:50 AM, NTPC Ltd share price is trading at ₹365.95 per share, reflecting a decline of 3.07% from the previous closing price. Over the past month, the stock has declined by 0.35%. 

Conclusion 

With the formation of the search-cum-selection committee, the government has started a renewed effort to identify the next leader for NTPC while ensuring continuity through the extended tenure of the current CMD. 

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