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HUDCO: Amid unending saga of uncertainty Dr Nagaraj gets additional charge

By Indian Mandarins- 08 Jan 2020
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The Ministry of Housing and Urban Affairs on Tuesday assigned the additional charge of CMD, HUDCO to Dr M Nagaraj, Director (Corporate Planning). For over ninety days of uncertainty HUDCO appears to have gathered rays of clarity.

It may be mentioned that the erstwhile CMD Dr M Ravi Kanth demitted office on December 20, 2019 but it took the ministry over two weeks to assign the additional charge of CMD post.

After Dr Kanth completed his extended tenure on October 10, 2019 top officials remained completely clueless over the extension/non-extension. Dr Kanth still continued as CMD expecting ACC’s decision over extension/non-extension. Had Dr Kanth given extension he would have continued till November 2020. But in the backdrop of non-extension of former GAIL CMD B C Tripathy and former NBCC CMD Dr A K Mittal it was unlikely for Dr Kanth too to get extension. But those in the affairs say that differences between the top authorities of the ministry and HUDCO had added to the uncertainty.

Surprisingly, public-sector headhunter too had not advertised the CMD post leaving the senior management clueless over the fate of the Board management.  

 

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Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.