Earlier today, the board of directors of Dangote Sugar Refinery Plc informed the Nigerian Stock Exchange of the appointment of its Acting Managing Director.
According to a statement signed by the Company Secretary/Legal Adviser and issued to the NSE website, it was announced that Mr. Ravindra Singh Singhvi, Dangote Sugar’s immediate past Chief Operating Officer, is now the company’s Acting Managing Director.
The decision was taken by the company’s board during the company’s meeting on Tuesday 18th June 2019. The appointment took effect on that day.
About the Acting Managing Director: Ravindra Singh Singhvi has over 37 years experience in manufacturing, particularly in sugar production, textile products, cement, and petrochemical industries in India.
Before joining Dangote Sugar Refinery Plc, he was the Managing Director/CEO of NSL Sugar Limited Hyderabad, India, and Managing Director E.I.D Parry Limited, Chennai India.
Equally, he was the president Indo Rama Synthetics India Limited, Birla Group and Executive Director at S Kumar Nationwide Limited among others. He was the national chairman of Power Committee of Indian Sugar Manufacturers Association.
He has helped companies enhance performance optimally and financially. Similarly, Singhvi has helped companies raise loans for projects and working capital from local as well as international banks, particularly in India.
He has dealt at the level of Central Ministers, Chief Ministers, Principal Secretaries & various govt bodies to draft new policies, laws, etc.
Mr Singhvi oversaw the signing of the Power Purchase Agreement of 550 MW with the Govt of Karnataka State for various sugar companies. He was the Chairman of the Committee for Sugar Association for drafting of the new Sugar Cane Act in the State of Karnataka for fixation of Sugar Cane Price.
He is a chartered accountant with competence in Company Secretary and General Management. He holds a CA from The Institute of Chartered Accountants of India (ICAI) and a CS from the Institute of Company Secretaries of India (ICSI)