State-run MTNL may soon get a full-time chairman and managing director (CMD), as the Department of Telecommunications (DoT) has formed a search-cum-selection committee for such an appointment with a tenure of five years. Candidates are required to submit their applications before September 8, 2016.
The state-run telecom company, which offers services in Delhi and Mumbai, has been without a full-time CMD since May 30, 2014, when A K Garg retired from the post.
P K Purwar, director (Finance) of MTNL, was given the additional charge of the post from June 2014. From June 2015 to June 2016, N K Yadav, who is a member (services), held the charge. Purwar was again given the additional charge in June 2016, after the completion of Yadav's tenure.
Purwar's name had been recommended for the MTNL's top post by the public enterprise's selection board (PESB) in November 2013, but the government did not go ahead with the recommendation. MTNL has been making losses since 2009-10. However, the telecom firm expects to post an operational profit at the end of the current financial year and turn profitable in 2017-18.