Mumbai: Ravi Uppal, chief executive officer and managing director at L&T Power was on Monday elevated as whole-time director for 5 years starting 01 November, 2010. Uppal will succeed R N. Mukhija, whole-time director & president (Electrical & Electronics) who will retire from L&T’s board at end of office hours on 23 October, 2010. Uppal’s elevation is on expected lines as he is seen as a likely successor of A.M. Naik, current chairman and managing director of L&T. A former ABB senior executive, he quit the Swiss engineering firm’s global executive committee and moved from Zurich, Switzerland to Hazira, Gujarat to take charge of L&T Power, which houses two joint ventures with Japan’s Mitsubishi Heavy Industries for manufacturing high technology super critical boilers and turbines.L&T MHI Turbine Generators Pvt. Ltd and L&T-MHI Boilers Pvt. Ltd manufacture and supply supercritical boilers and steam turbines and generators for large coal-based utilities.
L&T is also India’s largest manufacturer of low voltage switchgears. It entered the medium voltage segment by acquiring Malaysia’s Tamco Group in 2008.
Meanwhile, a L&T official said that the company will come out with a restructuring plan for its board members in another one month. He refused to be named because he is not authorised to speak to the media.