The extension comes into effect from August 1. Singh will continue in the post for six months, or until a regular incumbent assumes charge, or until further orders, whichever is earlier, as per the government order seen by ET.
The six-month extension will allow Singh to continue leading the company while the Ministry of Power’s search-cum-selection committee completes the selection of his successor from 18 shortlisted candidates.
The selection process is currently underway, according to people aware of the matter.
Singh’s extension has been approved by the appointments committee of the cabinet following a proposal from the power ministry.
Singh, who has headed India’s largest power producer since 2016, had also received a one-year post-retirement extension last year after attaining the age of superannuation.
Before taking charge as the chairman of the public sector undertaking, Singh had served as the managing director of Gujarat State Electricity Corporation.