CENTRAL PUBLIC SECTOR ENTERPRISES

rec-ajoy-choudhury-appointed-as-director-finance

REC: Ajoy Choudhury appointed as Director, Finance

REC Limited, a Government of India Navratna PSU and one of India’s largest power financiers, has announced the appointment of Ajoy Choudhury to the post of Director (Finance) with effect from 1st June,  2020 upon the superannuation of the outgoing Director (Finance) Ajeet Kumar Agarwal.

 

Choudhury brings with him over 33 years of experience working across various functions in the power sector. Prior to joining REC, he worked with PGCIL and NHPC Limited. In his 14 years with REC Limited, he has handled a gamut of finance portfolios including loans & recovery, international finance, corporate accounts, treasury, taxation and resource mobilization. He has been instrumental in raising finances from international agencies like the World Bank, Asian Development Bank, German Bank of Reconstruction & Development (KfW), etc.

 

In addition to the current role, he is also a nominee director on the board of REC-PDCL, a wholly-owned subsidiary of REC Limited, and TRN Energy Pvt. Ltd., a subsidiary of ACB (India) Power Limited.

02 Jun 2020
seven-psus-get-new-cmd-and-director

Seven PSUs get new CMD and Director

The NaMo administration on Wednesday cleared the appointment to the post of CMD, MD and Director in various Central PSUs:

  1. Cmde Hemant Khatri to the post of CMD, Hindustan Shipyard Limited (HSL) till the date of his superannuation i.e. 31.07.2025. He may take charge on 01.09.2020. Presently, he is Director (Strategic Project), Hindustan Shipyard Limited (HSL).
  2. Sanjoy Bhattacharya appointed as CMD, Andrew Yule & Co. Ltd. AYCL till 31.08.2023 i.e. the date of his superannuation. He may take charge on 01.09.2020. Presently, he is Director (Planning) AYCL.
  3. Dr Mukesh Kumar (GM, KAPL) appointed to the post of Managing Director (MD), Indian Medicines & Pharmaceuticals Corporation Limited (IMPCL) till the date of his superannuation, i.e. 30.04.2024.
  4. Ajit Kumar (IRAS:1989) was on Wednesday appointed to the post of Director (Finance) in Indian Railway Catering and Tourism Corporation (IRCTC) for a period of five years or till his superannuation on absorption basis.
  5. V Ramesh (CGM, BSNL) was on Wednesday appointed to the post Director (Enterprise), BSNL till 31.07.2024 i.e. the date of his superannuation.
  6. Anupam Misra as appointed as Director (Marketing), Fertilizers and Chemicals Travancore Limited (FACT) for a period of five years or till the date of his superannuation. Presently, he is Director (Marketing), FEC Limited
  7. Sushil Sharma (GM, SJVN Limited) appointed as Director (Electrical), SJVN Limited for a period of five years or till the date of his superannuation. He may take charge on 01.08.2020.

28 May 2020
rec-ajoy-choudhury-appointed-as-director-finance

REC: Ajoy Choudhury appointed as Director, Finance

By IndianMandarins 02 Jun 2020

REC Limited, a Government of India Navratna PSU and one of India’s largest power financiers, has announced the appointment of Ajoy Choudhury to the post of Director (Finance) with effect from 1st June,  2020 upon the superannuation of the outgoing Director (Finance) Ajeet Kumar Agarwal.

 

Choudhury brings with him over 33 years of experience working across various functions in the power sector. Prior to joining REC, he worked with PGCIL and NHPC Limited. In his 14 years with REC Limited, he has handled a gamut of finance portfolios including loans & recovery, international finance, corporate accounts, treasury, taxation and resource mobilization. He has been instrumental in raising finances from international agencies like the World Bank, Asian Development Bank, German Bank of Reconstruction & Development (KfW), etc.

 

In addition to the current role, he is also a nominee director on the board of REC-PDCL, a wholly-owned subsidiary of REC Limited, and TRN Energy Pvt. Ltd., a subsidiary of ACB (India) Power Limited.

seven-psus-get-new-cmd-and-director

Seven PSUs get new CMD and Director

By IndianMandarins 28 May 2020

The NaMo administration on Wednesday cleared the appointment to the post of CMD, MD and Director in various Central PSUs:

  1. Cmde Hemant Khatri to the post of CMD, Hindustan Shipyard Limited (HSL) till the date of his superannuation i.e. 31.07.2025. He may take charge on 01.09.2020. Presently, he is Director (Strategic Project), Hindustan Shipyard Limited (HSL).
  2. Sanjoy Bhattacharya appointed as CMD, Andrew Yule & Co. Ltd. AYCL till 31.08.2023 i.e. the date of his superannuation. He may take charge on 01.09.2020. Presently, he is Director (Planning) AYCL.
  3. Dr Mukesh Kumar (GM, KAPL) appointed to the post of Managing Director (MD), Indian Medicines & Pharmaceuticals Corporation Limited (IMPCL) till the date of his superannuation, i.e. 30.04.2024.
  4. Ajit Kumar (IRAS:1989) was on Wednesday appointed to the post of Director (Finance) in Indian Railway Catering and Tourism Corporation (IRCTC) for a period of five years or till his superannuation on absorption basis.
  5. V Ramesh (CGM, BSNL) was on Wednesday appointed to the post Director (Enterprise), BSNL till 31.07.2024 i.e. the date of his superannuation.
  6. Anupam Misra as appointed as Director (Marketing), Fertilizers and Chemicals Travancore Limited (FACT) for a period of five years or till the date of his superannuation. Presently, he is Director (Marketing), FEC Limited
  7. Sushil Sharma (GM, SJVN Limited) appointed as Director (Electrical), SJVN Limited for a period of five years or till the date of his superannuation. He may take charge on 01.08.2020.

railtel:-a-k-singh-appointed-director-(finance)

RailTel: A K Singh appointed Director (Finance)

By IndianMandarins 03 Sep 2019

The NaMo administration on Monday appointed Anand Kumar Singh (ED, IRCON) for the post of Director (Finance), RailTel Corporation of India Ltd (RCIL) till his superannuation i.e. 30.09.2022. PESB had on May 17, 2019 selected him for the post. (Click to Read)

dopt-peeved-over-officers'-unwillingness-for-cvo-posts

DoPT peeved over officers' unwillingness for CVO posts

By IndianMandarins 03 Jul 2019

The Department of Personnel & Training last week, in a reminder last week to its earlier letter to State Chief Secretaries, Union Secretaries, Chairman Railway Board, and Dy CAG, underlined its grave concern over the decreasing appetite of officers for CVO posts in various CPSEs and Central ministries/departments.


It underlined its concern as follows.

 

“Although a period of six months has passed since applications for 2019 were called for, the number of nominations received so far has been ranging from Nil to an insignificant number. Attention in this regard is also invited to the extremely low representation of officers from various Cadres/Services under the Central Staffing Scheme especially at DS/Director level.”

 

The DOPT had in its letter dated 12.12.2018 had invited nominations of officers for appointment on deputation to the posts under Central Staffing Scheme (CSS) and for the posts of Chief Vigilance Officers (CVOs) in Central Public Sector Enterprises (CPSEs) as well as in other organizations under central Ministries/Departments.

irctc:-chandra-selected-for-director-(cs)-post

IRCTC: Chandra selected for Director (CS) post

By IndianMandarins 30 May 2019

The public-sector headhunter selected Debashish Chandra (Group GM, IRCTC) for the post of Director (CS), Indian Railway Catering & Tourism Corporation (IRCTC). He was the single candidate who was interviewed at a Public Enterprise Selection Board (PESB) meeting held on May 30, 2019.

 

Subject to requisite clearances and ACC approval Chandra may replace V Sriram; the outgoing Director retiring on June 30, 2019.

cpses:-15-posts-of-director-(fin)-may-be-advertised-soon

CPSEs: 15 posts of Director (Fin) may be advertised soon

By IndianMandarins 10 Jan 2019

Indianmandarins has reliably learnt that public-sector headhunter (PESB) is all set to announce the vacancy of fifteen posts of Director (Finance) in various Central PSUs. Reportedly, this was necessitated in view of recent ACC order relaxing the educational qualification for Govt officers.

 

It may be mentioned that PESB had, on Tuesday, advertised the post of Director (Finance) for ITI Limited, Coal India Limited, Central Coalfields Ltd and Bharat Coking Coal Ltd.


In addition, the board had, on Wednesday, advertised the CMD & MD post for Engineering Projects (India) Ltd and Orissa Minerals Development Company Limited (OMDC) respectively. 

govt-may-give-stc-rs-25-bn-bg-to-help-resolve-liquidity-problem

Govt may give STC Rs 25 bn BG to help resolve liquidity problem

By IndianMandarins 16 Oct 2018

State Trading Corporation (STC) may soon get relief from the government in terms of bank guarantee of Rs 25 billion to help the company resolve the liquidity problem, sources said. The commerce ministry has approved the proposal and sent that to the finance ministry for final approval. "There is also a plan to restructure loans of STC as the company is facing financial hardship," the sources said. The firm is also in the process of preparing a plan to sell its non-core assets to raise funds.

 

The move assumes significance as there was a proposal of the commerce ministry for a merger of STC and another state-owned trading firm MMTC. STC has posted 88.44 per cent fall in standalone net profit to Rs 14.6 million during April-June 2018-19, on account of poor income. The company, while releasing its unaudited financial result for the quarter ended June 30, 2018, in August, had stated that it has appointed a financial advisor for the restructuring of existing loans and for raising additional loans.

 

It had also proposed to raise additional working capital funds against its properties. "Therefore, the Company has approached its lender banks for an appropriate resolution plan with the objective to make the operations of the company viable and sustainable. The lender banks have formed Joint Lender Forum to finalise the reconstruction plan," it had said.

datt-appointed-director-in-nfl

Datt appointed Director in NFL

By IndianMandarins 05 Oct 2018

Virendra Nath Datt (ED, GAIL) appointed Director (Marketing) National Fertilizers Limited (NFL) till the date of his superannuation.

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