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A CMD abruptly moved on leave till retirement

By IndianMandarins- 09 Sep 2024
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New Delhi (09.09.2024): In an abrupt development a CMD was on Monday moved to leave till retirement. Assigning the additional charge of CMD to Arun Kanti Bagchi (RINL Director, Projects) the Ministry of Steel abruptly moved Atul Bhatt, the incumbent CMD of Rashtriya Ispat Nigam Limited, on leave till retirement on 30.11.2024. Bhatt, an alumnus of IIT Delhi and top executive of global steel giant Arcellor Mittal entered the state-owned enterprises NMDC in 2010 and later became CMD of MECON but his journey with RINL that started on 13.09.2021 suddenly came to a halt unceremoniously. 
Following the development who’s who in Central PSUs are speculating the reasons behind the abrupt dislodgement. 
A section of top executives in CPSEs says that weeks after taking over as Union Secretary for Steel Sandeep Poundrik (IAS: 1993: BH) has exhibited his tuff stand against in handling the affairs. 

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