Ms. Mukta Shekhar has been appointed as Government Nominee Director on the Board of HMT Limited w.e.f. 04.09.2023. She is presently working as Joint Secretary, Ministry of Heavy Industries.

Ms. Mukta Shekhar is an IRAS officer of 1994 batch.  She has completed her M.Phil. in Defence and Strategic Studies from University of Madras at the National Defence College, New Delhi and Masters in History from St. Stephen’s College, Delhi. Her area of expertise is Financial Management and project finance. She has worked at various levels in the Indian Railways, Government of India as Financial Advisor specializing in financial appraisal and project finance. She also worked at the Joint General Manager level in DMRC where she was the associate Finance Officer for projects of Phase II of DMRC.

She has wide experience in the Public Private Partnership area having steered fund management and other contract related activities for pioneer PPP projects of Western Railway, Ministry of Railways, Government of India. Ms. Mukta Shekhar has also a varied experience in the International Cooperation arena and worked for 5 years in Ministry of External Affairs wherein she was looking after implementation of projects under India’s Development assistance programme with other countries, Investment and Trade promotion, international arbitration disputes, investment and trade agreements, and civil aviation matters.  She also formulated modalities for innovative schemes like concessional financing packages for externally aided projects.

Ms. Mukta Shekhar also worked as Joint Secretary in Department of Food, Ministry of Consumer Affairs, wherein she looked after International Cooperation which entailed interface with multi-lateral agencies, the edible oil sector, monitoring of prices of essential commodities and quality control of foodgrains procured under the Central pool stock in conjunction with other stakeholders.

Disclosure of relationship between Directors: NIL

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Ms. Rita Saxena has been entrusted with the additional charge of the post of Director (Finance), HMT Limited w.e.f. 25.08.2023.
Ms. Rita Saxena brings in 35 years of rich experience in wide range of Finance operations with working in various capacities at BHEL.
Presently, Ms. Rita Saxena is General Manager at BHEL heading the Internal Audit function of South based Units/Region/Divisions.

Earlier as Head Finance of Industrial Systems Group of BHEL, she was instrumental in expeditious project execution and cost control through close monitoring and fast resolution of issues involved.
In various capacities she had previously worked in finance functions of Project Engineering & Management Division (PEM) and BHEL Corporate office and handled areas like Project Accounting, Indirect Taxation, Auditing, Receivable Management etc. She was instrumental in the computerization of finance function in PEM division of BHEL.
She had also served as Associate Project Director (Fin) of prestigious Advance Ultra Super Critical (AUSC) R&D project, a MHI funded project where BHEL was lead execution agency along with IGCAR & NTPC and had experience of Total Project Management.
She is a qualified Cost Accountant and post graduate in Commerce.
With her hands on, practical approach & vast experience, she will drive the Team-HMT to deliver the best.

Disclosure of relationship between Directors: NIL

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