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Tag Archives: MMTC

Scope and WB hold workshop on procurement practices

The Standing Conference of Public Enterprises 9Scope), in association with the World Bank, organized a two-day program on the “Best Practices in Procurement” on June 8 in New Delhi. In his welcome address, Dr. U. D. Choubey, Director General, SCOPE acknowledged the role of digitalization in procurement processes which has reduced the…

Haryana Chief Secretary under cloud 

Haryana Chief Secretary D S Dhesi (IAS:1982:HY) finds himself in a soup for his alleged role in the Rs 250 crore scam in MMTC during his tenure as CMD of the company in 2012-14. The CBI has sought sanction from the Union Ministry of Commerce for his prosecution.  Sources said…

Merger of 03 PSUs expected shortly

Indianmandarins has learnt that a detailed report on the merger of three Central PSUs Metals and Minerals Trading Corporation of India (MMTC), State Trading Corporation (STC India Ltd) & Project & Equipment Corporation of India Ltd (PEC), that fall under the administrative control of Department of Commerce, may be submitted…

Sharma selected for Director (Fin) MMTC

The public sector headhunter on Tuesday selected Umesh Sharma (Chief GM, MMTC) for the post of Director (Finance) MMTC; a post which fell vacant after M G Gupta, the erstwhile Director (Finance), was sacked in the month of November last year. PESB today held the selection interview to select the…

MMTC: How preventive vigilance cleaned up Augean stable

MMTC is being used as a test case for determining the efficacy of what has been called preventive vigilance, whereby a series of actions are initiated to stem the downward movement in the functioning of a PSU. Through this mechanism, ever since the appointment of Sanjay Bhoosreddy (IAS:1989:UP) as chief…

MMTC becomes first PSU with BHIM

MMTC has scored over other PSUs in becoming the first to have a BHIM digital payment platform in line with NaMo’s mission to turn India into a minimal cash economy. To get the first rank, MMTC has made many new provisions. BHIM was initially designed for facilitating individual users having…

MMTC: 10 more executives may face suspension

  In continuation of what Indianmandarins had reported first on 08 November and further on 09th December 2016 about the suspension of MMTC’s Directors, it has been further gathered that as many as eight to ten more top executives of MMTC may face suspension or termination. Recently, MMTC Director Finance…

Director MMTC sacked, many others in queue

In a surprising move Union Ministry of Commerce & Industries has sacked M G Gupta, Director (Finance) in MMTC. Indianmandarins has reliably learnt many top shots in Central PSUs are in queue to face the music for their misdeeds, poor performance and lack-luster affair in business transaction which have been…

Four Central PSUs get new directors

The Appointment Committee of Cabinet yesterday cleared the appointment of three directors in RINL, DFCCIL & MMTC. Accordingly; Kishore Chandra Das appointed as Director (Personnel), Rastriya Ispat Nigam Ltd for which he was selected on June 01, 2016. Das will replace G B S Prasad after his retirement on December…

41 Non-official independent directors appointed to boards of 21 CPSEs

The central government on Monday announced the appointment of as many as non-official independent directors on the boards of 21 central public sector enterprises (CPSEs). Arvind Gupta, N Sundaradevan, Dr. K Rangarajan, Sunil Trivedi have been appointed as non-official Independent Directors on the Board of STC. R Anand and B…

Latest appointment orders (06-06-2016): A glance

Arvind Gupta, N Sundaradevan, Dr K Rangarajan, Sunil Trivedi have been appointed as Non-official Independent Directors on the Board of STC. R Anand and B K Shukla have been appointed as Non-official Independent Directors on the Board of MMTC. Baria Udesinh Mohanbhai has been appointed as Non-official Independent Director on…

Applications invited for Director (Pers), MMTC

Public Enterprises Selection Board (PESB) has invited applications for the post of Director (Personnel), Metals and Minerals Trading Corporation of India. Presently Rajeev Jaideva is serving on the post since December 03, 2010 and he sechduled to superannuate on December 31, 2016 The eligible applicants will have to submit applications…

Ashwani Sondhi selected for the post of Dir. (Mkt), MMTC.

Ashwani Sondhi has been selected for the post of Director (Marketing) MMTC in a selection interveiw held today (August 14, 2015). Presently Sondhi is serving as CGM,MMTC.The post had fallen vacant after Ved Prakash had taken over as CMD, MMTC on March 18, 2015. There are three posts of Director…

Dir (Mkt) MMTC; Atul Chaturvedi’s last selection interview as PESB Chairman

The outgoing PESB Chairman, Atul Chaturvedi would find it something nostalgic while interviewing the candidates for the post of Director (Marketing), MMTC today as he is completing his tenure as PESB, Chairman on August 14, 2015. The post, for which selection meeting is being held today (Aug. 14, 2015), had…

Selection for 14 Directorial positions (PSUs) by July 31

If some well-placed sources across PSUs are to be believed selection interview for approximately fourteen Directorial positions (PSUs) are expected to take place by 31st July namely; Coal India Ltd (CIL), Power Finance Corporation (PFC), Bharat Coking Coal Ltd (BCCL), Mahanadi Coalfields Ltd (MCL), Mangalore Refineries and Petrochemicals Ltd, (MRPL),Uranium…

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