Azure Power chief executive officer abruptly resigns

• Azure Power chief executive officer abruptly resigns

Harsh Shah has surrendered as the chief executive officer of Indian renewable power producer Azure Power Global Ltd (NYSE: AZRE) less than 3 months after taking control of, the company announced on Monday.

" Azure is absolutely positioned quite possibly to seize the big development opportunity that India provides, as well as I was eagerly anticipating collaborating with the team to supply Azure's capacity. Nonetheless, owing to unforeseen circumstances and issues beyond my control, I have actually made a decision to step down from my role of the Chief Executive Officer," Shah claimed in the company's statement.

" The Board has accepted Harsh's resignation with deep regret," claimed chairman Alan Rosling. "He joined us only from 1 July 2022 and we wished that Harsh would certainly be the leader to take the Company onward. Nevertheless, we respect this unanticipated decision and also dream him and his family all the most effective for the future."

Shah's appointment was introduced in very early May this year. Before taking the helm at Azure Power, he functioned as CEO of Indian facilities investment trust IndiGrid.

"The Company will certainly be launching today a separate update on various other matters including future management following Harsh's separation," Azure Power added.