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DVC Chairman's post hangs in balance; advertisement yet awaited

By IndianMandarins- 13 Sep 2018
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DVC chairman's post is hanging in balance. The reason for delay in issuing advertisement is also obvious.  Indianmandarins has reliably learnt that only one member on DVC Board meets the qualification to apply for the top job. If some top sources are to be believed, another DVC Member, serving on deputation and Lien with another PSU, does not have the eligibility but higher authorities at the top expect him to be shortlisted for interview. Reportedly, this is the reason the post has not been advertised as yet.

It may be mentioned that Chairman's post fell vacant in November last year following the resignation of Andrew W K Langstieh; eleven months ahead of his completion of tenure (Sept. 2019). It is believed that he had resigned after he faced the wrath of a senior most authority at Centre in a meeting.

His resignation had surprised sector experts because under Andrew’s leadership, DVC’s PLF improved from 48 per cent in 2014 to 54 per cent in 2017. His efforts had started yielding results in capacity utilisation, recovery of dues from Jharkhand and better debt management reduced DVC’s losses from Rs 1,334 crore in FY-15 to Rs 907 crore in FY-17.

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