Energy Department of Telangana has taken a significant step towards fortifying the renewable energy landscape. The Telangana State Renewable Energy Development Corporation Ltd. (TSREDCO) is set to witness a strategic infusion of leadership with the appointment of Nominee Directors. This pivotal decision aims to propel TSREDCO to new heights and harness the immense potential of renewable resources.
TSREDCO’s Vision Reinforced
In a recent communication from the Vice Chairman and Managing Director of TSREDCO, the stage is set for a transformative journey. The appointment of Nominee Directors is outlined in the letter dated 27th December 2023, bearing reference number TSREDCO/SECL/BOD/VOL-II/.
Directors at the Helm
In response to the circumstances detailed by the Vice Chairman & Managing Director, TSREDCO, the following luminaries are chosen to steer the course as Directors on the TSREDCO Board:
- Sri M.A. Faruqui: Chairman and Managing Director, TSSPDCL.
- Sri K.Varun Reddy: Chairman and Managing Director, TSNPDCL.
Proactive Governance in Action
The appointment of these Directors heralds a new era for TSREDCO, symbolizing a collaborative effort to enhance governance and propel the organization’s mission forward. Their wealth of experience and expertise promises to inject fresh perspectives and dynamic strategies into the renewable energy landscape.
Future Steps
The onus now falls on the Vice Chairman and Managing Director of TSREDCO, based in Hyderabad, to seamlessly execute the next steps. This includes but is not limited to coordinating with the newly appointed Directors and orchestrating strategic initiatives that align with the corporation’s overarching goals.
TSREDCO Workforce: Implementation of Revised Pay Scales 2020
In a significant development, the Energy Department, under the leadership of TSREDCO (Telangana State Renewable Energy Development Corporation Limited), has granted permission for the execution of Revised Pay Scales 2020 for the dedicated employees. This move aims to enhance the financial well-being of both active and retired personnel associated with TSREDCO.
Background and Request
The initiation for this transformative step can be traced back to the official communication (Lr.No.TSREDCO/Admn/Pay Scale-2020/2021) from the Vice Chairman & Managing Director of TSREDCO, Hyderabad, dated 05.08.2021 & 08-09-2021. The comprehensive proposal urged the government to approve the implementation of Revised Pay Scales 2020.
Government’s Deliberation and Decision
Following a thorough examination of the proposal, the Energy (HR.A1) Department refers to G.O.Ms.No.51, Finance (HRM.IV) Department, dated 11.06.2021. The Government has granted its approval, as conveyed in G.O.Rt.No. 70 dated 02-12-2021, for the implementation of Revised Pay Scales (RPS), 2020. This decision encompasses eight regular employees and twelve retired employees affiliated with TSREDCO, aligning with eligibility criteria and guidelines stipulated in G.O.Ms.No.51.
Empowered Action Ahead
With this official nod from the government, the Vice Chairman & Managing Director, TSREDCO, holds the responsibility to take prompt and effective measures for the seamless execution of the Revised Pay Scales 2020. This move not only uplifts the financial prospects of the workforce but also signifies the government’s commitment to the welfare of its employees.
Administrative Concurrence
It’s noteworthy that this order is issued with the concurrence of Finance (HRM.IV) Department, as evidenced by U.O.No.1332003/232/A1/HRM.IV/2021, dated 26.11.2021. The financial aspect and administrative alignment underline the meticulous planning and consideration invested in this decision.
In conclusion, the government’s affirmative stance towards the implementation of Revised Pay Scales 2020 for TSREDCO employees showcases its commitment to fostering a conducive working environment and securing the financial interests of its dedicated workforce. This step not only acknowledges their contributions but also fortifies the foundation of a progressive and employee-centric work culture within TSREDCO.
Telangana State Renewable Energy Development Corporation’s Shareholding Evolution
In the dynamic landscape of renewable energy, the Government of Telangana, through its Energy Department, has been actively shaping the destiny of the state’s energy future. A recent development in this realm involves the Telangana State Renewable Energy Development Corporation Limited (TSREDCO) and its shareholding pattern, marking a significant stride towards a sustainable energy paradigm. Let’s delve into the revised shareholding structure post the reconstitution of the Board of Directors.
Winds of Change: Board Restructuring
In the corridors of power, decisions echo. The genesis of this transformation lies in the reconstitution of the Board of Directors of TSREDCO. Newly inducted luminaries bring fresh perspectives, and it becomes imperative to reallocate shares to align with the evolving leadership dynamics.
New Faces in the Boardroom
- Sri. Syed Abdul Aleem: Chairman with a Vision
- Designation: Chairman, TSREDCO Ltd., Hyderabad
- Shares: 500
- Amount Paid Up: Rs. 500/-
- Sri B. Hariram: Harnessing Hydro Power Expertise
- Designation: Director (In place of Sri. S. Suneel)
- Shares: 500
- Amount Paid Up: Rs. 500/-
- Sri. A. Gopal Rao: Leading from the Front
- Designation: Director, TSREDCO Ltd., Hyderabad
- Shares: 500
- Amount Paid Up: Rs. 500/-
Redefining the Shareholding Canvas
With these dynamic additions, the shareholding pattern undergoes a metamorphosis. The government, cognizant of this shift, has duly revised the share distribution, reflecting the current leadership hierarchy.
- Syed Abdul Aleem – Steering the Ship
- Designation: Chairman, TSREDCO Ltd., Hyderabad
- Shares: 500/-
- Amount Paid Up: Rs. 500/-
- Sri. Ajay Misra, IAS – A Strategic Mind
- Designation: Special Chief Secretary to Govt., Energy Dept., Govt. of Telangana
- Shares: 500/-
- Amount Paid Up: Rs. 500/-
- Sri. A. Sudhakar Rao – Orchestrating Progress
- Designation: VC & Managing Director, TSREDCO Ltd., Hyderabad
- Shares: 500/-
- Amount Paid Up: Rs. 500/-
- Sri. G. Raghuma Reddy – Illuminating the Path
- Designation: CMD, TSSPDCL, Hyderabad
- Shares: 500/-
- Amount Paid Up: Rs. 500/-
- Sri. A. Gopal Rao – Powering the Vision
- Designation: CMD, TSNPDCL, Warangal
- Shares: 500/-
- Amount Paid Up: Rs. 500/-
- Sri. C. Srinivasa Rao, IRAS – Navigating the Future
- Designation: JMD, T.S.TRANSCO, Hyderabad
- Shares: 500/-
- Amount Paid Up: Rs. 500/-
- Sri. Ch.V. Sai Prasad, IA&AS – Balancing the Equation
- Designation: Joint Secretary to Govt., Finance Dept., Govt. of Telangana
- Shares: 500/-
- Amount Paid Up: Rs. 500/-
- Sri. B. Hariram – Mastering Hydal Projects
- Designation: Chief Engineer, Kaleswaram, Irrigation Dept., Govt. of Telangana
- Shares: 500/-
- Amount Paid Up: Rs. 500/-
- Sri. G. Devender Reddy – Representing Governance
- Designation: Asst. Secretary to Govt., Energy Department, GoTs (Representative, on behalf of Governor of TS)
- Shares: 2821 @ Rs. 500/-
- Amount Paid Up: Rs. 1,410,500/-
Paving the Way Forward
In conclusion, this reshaping of TSREDCO’s shareholding pattern signifies a strategic move towards a more collaborative and visionary future. The government’s proactive approach in adapting to the evolving energy landscape is poised to propel Telangana into a realm of sustainable and efficient energy practices. As the sun sets on the old, the dawn of a new era in renewable energy rises over Telangana.