PSUs

nbcc-settles-the-succession-issue-sharma-to-head-amrapali-projects-

NBCC settles the succession issue: Sharma to head Amrapali Projects?

The NBCC top management responded to the pressure groups deftly and announced that A K Sharma (CGM, Engineering) will take charge from Aggarwal on his retirement on 30 November 2020. 

Yet the order does not mention whether Sharma will be heading the Amrapali projects. Yet a section of the insiders believes that the order clearly states Aggarwal will hand over the charge to Sharma which is a clear indication of management's intent. Amid differing views, there appearss a unanimity in the opinions that the continuity in the Amrapali flats construction is not going to be disrupted or broken and they may be delivered to buyers within the timeline promised by the NBCC.

According to the orders issued, Sharma will continue to look after Office Block East Kidwai Nagar (EKN) and works of Archaeological Survey of India including Jalianwala Bagh Maintenance works. Further, Sharma would report to Director (Commercial) Rajendra Chaudhary.

The extension/reappointment issue of Aggarwal had assumed significance primarily due to the SC’s decision on the Amrapali project where the interest of thousands of homebuyers is at stake. In addition to complying with RERA provisions, the completion of Amrapali's stalled projects may restore the badly-shaken faith of homebuyers in the government, NBCC, and the real-estate sector in general.

It may be underlined that the NBCC has guaranteed that 44,000 stalled Amrapali flats will be completed and delivered between January 2021 and 2023.

ALSO READ:

NBCC: Amrapali Project head may get extension post-retirement

NBCC caught in a quagmire: SC, Amrapali, and a curious extension case of ED


29 Oct 2020
jnpt-a-new-cpp-for-tractor-trailers

JNPT: A new CPP for tractor trailers

Jawaharlal Nehru Port Trust (JNPT), on 28 October, opened a new Centralized Parking Plaza (CPP) for container tractor-trailers with Customs facilitation, as part of its efforts to promote ease of doing business. The parking plaza, spread across 45 hectares, has parking space for 1,538 tractor trailers at a time.

The plaza has been built exclusively to integrate the parking of tractor trailers carrying factory stuffed export containers at one location instead of at multiple locations earlier. This will help integrate document processing by Customs.

The plaza will be managed using a Real Time Parking Management system and has WiFi provision within the premises. JNPT has appointed Nirmala Auto Care Centre for operation, management and maintenance of the plaza.

29 Oct 2020
nbcc-settles-the-succession-issue-sharma-to-head-amrapali-projects-

NBCC settles the succession issue: Sharma to head Amrapali Projects?

By Rakesh Ranjan 29 Oct 2020

The NBCC top management responded to the pressure groups deftly and announced that A K Sharma (CGM, Engineering) will take charge from Aggarwal on his retirement on 30 November 2020. 

Yet the order does not mention whether Sharma will be heading the Amrapali projects. Yet a section of the insiders believes that the order clearly states Aggarwal will hand over the charge to Sharma which is a clear indication of management's intent. Amid differing views, there appearss a unanimity in the opinions that the continuity in the Amrapali flats construction is not going to be disrupted or broken and they may be delivered to buyers within the timeline promised by the NBCC.

According to the orders issued, Sharma will continue to look after Office Block East Kidwai Nagar (EKN) and works of Archaeological Survey of India including Jalianwala Bagh Maintenance works. Further, Sharma would report to Director (Commercial) Rajendra Chaudhary.

The extension/reappointment issue of Aggarwal had assumed significance primarily due to the SC’s decision on the Amrapali project where the interest of thousands of homebuyers is at stake. In addition to complying with RERA provisions, the completion of Amrapali's stalled projects may restore the badly-shaken faith of homebuyers in the government, NBCC, and the real-estate sector in general.

It may be underlined that the NBCC has guaranteed that 44,000 stalled Amrapali flats will be completed and delivered between January 2021 and 2023.

ALSO READ:

NBCC: Amrapali Project head may get extension post-retirement

NBCC caught in a quagmire: SC, Amrapali, and a curious extension case of ED


jnpt-a-new-cpp-for-tractor-trailers

JNPT: A new CPP for tractor trailers

By IndianMandarins 29 Oct 2020

Jawaharlal Nehru Port Trust (JNPT), on 28 October, opened a new Centralized Parking Plaza (CPP) for container tractor-trailers with Customs facilitation, as part of its efforts to promote ease of doing business. The parking plaza, spread across 45 hectares, has parking space for 1,538 tractor trailers at a time.

The plaza has been built exclusively to integrate the parking of tractor trailers carrying factory stuffed export containers at one location instead of at multiple locations earlier. This will help integrate document processing by Customs.

The plaza will be managed using a Real Time Parking Management system and has WiFi provision within the premises. JNPT has appointed Nirmala Auto Care Centre for operation, management and maintenance of the plaza.

pfc-observes-vigilance-awareness-week-2020

PFC observes Vigilance Awareness Week 2020

By IndianMandarins 27 Oct 2020

New Delhi (27.10.2020): The Power Finance Corporation Ltd (PFC) shall be observing the “Vigilance Awareness Week-2020” from 27th October to 2nd November 2020. Ravinder Singh Dhillon, CMD, PFC along with PK Singh, Director (Commercial) & Additional Charge of Director (Projects) and Smt. Parminder Chopra, Director (Finance) administered “Satyanishtha Pratigya” (Integrity Pledge) to all employees of the Corporation to mark the beginning of ‘Vigilance Awareness Week 2020’.

PFC’s Vigilance Unit is organising various events/workshops and competitions on the theme: “Satark Bharat, Samriddh Bharat” (Vigilant India, Prosperous India) to raise awareness levels amongst its employees. 

nbcc-caught-in-a-quagmire-sc-amrapali-and-a-curious-extension-case-of-ed

NBCC caught in a quagmire: SC, Amrapali and a curious extension case of ED

By Rakesh Ranjan 26 Oct 2020

NBCC India Limited, a state-owned construction giant, is a house divided on the issue of extending the services of its Executive Director (Engineering) R K Aggarwal beyond his scheduled retirement on 30 November 2020.  

While a section of the top management team favors the idea of Aggarwal's extension on the plea that such a move may help uninterrupted and expeditious implementation of the Supreme Court direction on completing the 44,000 stalled flats under Amrapali housing projects where a huge amount of investors' money is locked, a large number of officers are opposed to the idea and they have made their angst and reservation known to the management in a letter from their union. 

Officers have argued that the SC has in no way mandated the continuation of services of Aggarwal even after retirement, that its direction was limited to entrusting the NBCC with the task to complete the pending and stalled projects and so, the NBCC was free to appoint a successor to Aggarwal on retirement by sticking to the due process of selection and by notifying the SC about its succession plan.

 It is pointed out that the policy of extension or reappointment is bad in principle and worst in execution. It's bad in principle because it is based on the premise that the person being given extension or reappointment is irreplaceable. In real life, this is an untenable proposition. The execution of this fallacious principle leads to favoritism and denial of the well-deserved opportunities to competent persons down the hierarchical ladder. It also degrades work culture and demoralization.

NBCC officers say the extant government guidelines on the extension/reappointment issue are crystal clear and don't support this pernicious practice except in critical and exigent situations.

Yet Aggarwal's extension/reappointment is being pushed by influence peddlers for the last couple of months as reported in this section on September 07, 2020. 

In any case; SC judgment and NBCC's involvement has sparked off rays of hope for poor Amrapali homebuyers and that should achieve its goal.  

(By Rakesh Ranjan)

mmtc-union-presses-for-vrs-urges-for-salary-dues

MMTC union presses for VRS, urges for salary dues

By IndianMandarins 26 Oct 2020

Unlike its peer unions, the Federation of MMTC staff unions has called for the introduction of the VRS scheme in view of the deteriorating financial position of the company arising from huge unprofitable expenditure on its jinxed subsidiary Neelanchal Ispat Nigam Ltd (NINL).

In the midst of festive seasons, it has also asked the management to release the 50% dues from the September salary along with the October salary.

chairman-sail-reaffirms-commitment-to-atmanirbhar-bharat

Chairman SAIL reaffirms commitment to Atmanirbhar Bharat

By IndianMandarins 22 Oct 2020

SAIL Chairman Anil Kumar Chaudhary, while addressing the 48th Annual General Meeting,  underlined that SAIL was surging ahead with steely resolve. On behalf of the company, Chaudhary reaffirmed SAIL’s commitment to Atmanirbhar Bharat.

The AGM was conducted through video conferencing and attended by Soma Mondal Director (Commercial), and M B Balakrishnan, Company Secretary.

The AGM recognized that in the wake of severe impact on the economy due to the COVID-19 pandemic SAIL has been the frontrunner in taking forward the initiative of making India prosper through self-reliance viz., Atmanirbhar Bharat and Vocal for Local.

Chairman said that during FY19, which was successful for SAIL in particular, it did many things such as the production of new grades of steel like Superior Performance rails namely R-260 grade and wheels for high-speed LHB coaches for Indian Railways.

SAIL operates and owns five integrated steel plants at Bhilai, Rourkela, Durgapur, Bokaro, and Burnpur (Asansol) and 3 special steel plants at Salem, Durgapur, and Bhadravathi.

 

nbcc-shalini-darbari-took-over-as-cvo

NBCC: Shalini Darbari took over as CVO

By IndianMandarins 22 Oct 2020

Mrs Shalini Darbari (IRAS:1990) on Thursday took the charge of Chief Vigilance Officer (CVO) of NBCC (National Building Construction Corporation Limited) on 16th October 2020. Apart from NBCC, she has also been entrusted with the charge of CVO of HSCL and HSCC, the two Subsidiaries of NBCC and BMTPC.

During her stint as Group General Manager/Finance with Dedicated Freight Corridor Limited, Darbari has especially contributed to DFCCIL for the construction on Western Corridor being funded by JICA.

lng-petronet-top-post-iocl-candidate-leads-the-race-

LNG Petronet top post: IOCL candidate leads the race?

By IndianMandarins 22 Oct 2020

Indianmandarins has learned that the selection committee may interview 11 candidates on 31 October for the post of MD & CEO of LNG Petronet that fell vacant after Prabhat Singh completed his term. However, invisible hands are feared to be working to push the candidature of one particular candidate.

The eleven candidates shortlisted for the interview are S N Pandey (CPCL), Subhash Kumar (ONGC), Vivekanand (OVL), A K Garg (IGL), A K Tiwari (GAIL), ES Ranganathan (GAIL), A K Singh (IOCL), A K Jana (IGL), V K Mishra (PLL), B Roy (OIL), and Gurmeet Singh (IOCL).

Sources say that the IOCL candidate may be leading the trail as one former Chairman of IOCL is said to have put his weight behind him.

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