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.
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.