Shailendra Roy, senior government vice-president and director for energy and company affairs, will likely be superannuated after 8 years at the board of the $21-billion conglomerate.
L&T additionally appointed Derek M Shah the chief vice-president and head of the unbiased energy corporate, stated an inner round that ET has a replica of. Shah may also be chairing forums of the 2 joint ventures of L&T with Mitsubishi Hitachi Power Systems and Mitsubishi Electric Corporation. Prior to this, he used to be government vice-president and head of the coal energy plant business of the facility IC.
“As a policy, we do not comment on such queries. We will duly communicate decisions, if any, through authorised channels,” L&T stated in a reaction to an e-mail equery from ET.
Roy is thought to be in talks with the federal government for an advisory position.
When ET reached out to Roy, he declined to remark, however added “I will be doing something where I can use my decades of experience for the nation.”
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