NLC INDIA

scope-executive-board-hailed-for-fixing-tricky-issue-of-retirement-age

SCOPE Executive Board hailed for fixing tricky issue of retirement age

The newly constituted Executive Board of Standing Conference on Public Enterprise (SCOPE), through election has won kudos for settling the retirement age of its staff. It may be mentioned that the newly constituted Board chaired by NLC India CMD Rakesh Kumar held its first meeting on April 01, 2019.

 

The top echelons of powers have greatly appreciated the board’s resolution that fixes the retirement age for all employees at 60. The issue has been plaguing the work-culture and ethos of the SCOPE that among other things like its cost affected Corporate Governance. The very issue had constrained the Department of Public Enterprise to formally disassociate itself (Click to read exclusive story) with the SCOPE recently.

 

The Executive Body in its 181st meeting held on 04 May 2019 discussed and approved the resolution passed earlier, or through the middle of last month, to fix 60 years as superannuation age of SCOPE employees. (Click to read related story)

 

It may be mentioned that over a dozen senior employees have been working, courtesy often multiple extensions despite attaining the age of sixty years and well beyond. Some of them have been approaching the 70-year mark. Using its administrative acumen and power the Board has allowed a safe passage to the serving employees (who have already crossed 60 years or even 65) by drawing 31.12.2019 as their concluding or last day at SCOPE.

 

Though some senior Government officials raised eyebrows at giving a window of six months to the employees who should have retired long back the Board’s step has settled the ticklish issue amicably. And, thus, there is a sense of relief among all the stakeholders of SCOPE.   

17 May 2019
none-selected-for-director-(fin)-nlc

None selected for Director (Fin) NLC

The public-sector headhunter (PESB), on Thursday, found none of the candidates suitable for the post of Director (Finance), NLC India Limited; a post which is presently lying vacant.

 

PESB interviewed three candidates for the job but found none of them suitable. Later, it announced that the administrative ministry/department might choose an appropriate course of action for selection. 

10 May 2019
scope-executive-board-hailed-for-fixing-tricky-issue-of-retirement-age

SCOPE Executive Board hailed for fixing tricky issue of retirement age

By IndianMandarins 17 May 2019

The newly constituted Executive Board of Standing Conference on Public Enterprise (SCOPE), through election has won kudos for settling the retirement age of its staff. It may be mentioned that the newly constituted Board chaired by NLC India CMD Rakesh Kumar held its first meeting on April 01, 2019.

 

The top echelons of powers have greatly appreciated the board’s resolution that fixes the retirement age for all employees at 60. The issue has been plaguing the work-culture and ethos of the SCOPE that among other things like its cost affected Corporate Governance. The very issue had constrained the Department of Public Enterprise to formally disassociate itself (Click to read exclusive story) with the SCOPE recently.

 

The Executive Body in its 181st meeting held on 04 May 2019 discussed and approved the resolution passed earlier, or through the middle of last month, to fix 60 years as superannuation age of SCOPE employees. (Click to read related story)

 

It may be mentioned that over a dozen senior employees have been working, courtesy often multiple extensions despite attaining the age of sixty years and well beyond. Some of them have been approaching the 70-year mark. Using its administrative acumen and power the Board has allowed a safe passage to the serving employees (who have already crossed 60 years or even 65) by drawing 31.12.2019 as their concluding or last day at SCOPE.

 

Though some senior Government officials raised eyebrows at giving a window of six months to the employees who should have retired long back the Board’s step has settled the ticklish issue amicably. And, thus, there is a sense of relief among all the stakeholders of SCOPE.   

none-selected-for-director-(fin)-nlc

None selected for Director (Fin) NLC

By IndianMandarins 10 May 2019

The public-sector headhunter (PESB), on Thursday, found none of the candidates suitable for the post of Director (Finance), NLC India Limited; a post which is presently lying vacant.

 

PESB interviewed three candidates for the job but found none of them suitable. Later, it announced that the administrative ministry/department might choose an appropriate course of action for selection. 

pesb-didn’t-find-the-single-candidate-for-md,-omdc

PESB didn’t find the single candidate for MD, OMDC

By IndianMandarins 07 May 2019

The public-sector headhunter on Tuesday announced that ‘the Board did not find candidate suitable’. Hemant Kumar (ED, NLC India Ltd) was the only candidate who appeared before the selection board (PESB) for interview for the post of Managing Director, Orissa Minerals Development Company Limited (OMDC).

 

It further, recommended that the administrative ministry/department may choose an appropriate course of further action for selection’.

john-selected-for-director-post-in-nlc

John selected for Director post in NLC

By IndianMandarins 04 Jan 2019

The public-sector headhunter, on Friday, selected Shaji John (CGM, NLC India) for the post of Director (Power) in Neyveli Lignite Corporation of India Limited (NLC). Altogether ten candidates appeared before the board for selection interview.

 

Subject to requisite clearances and ACC ratification John may replace V Thangapadian retiring March this year.  

cil-signs-mou-with-nlc-for-5000-mw-power-generation

CIL signs MoU with NLC for 5000 mw power generation

By IndianMandarins 09 Oct 2018

Coal India and NLC India (NLCIL), formerly Neyveli Lignite Corporation, will jointly set up 5000 mw of power generation capacity of which 3000 mw would be solar powered while the rest 2000 mw would be coal fuelled. 

 

CIL and NCIL on Monday signed a memorandum of understanding (MoU) for setting up a 50:50 joint venture company that would undertake the projects.

 

Coal India has been tasked to become a net zero emission energy company by ministry of coal, a move which requires it to generate 3,000 mw of solar power. The MoU, also extends for setting up of 2,000 mw of thermal power generation across CIL’s subsidiaries. 

 

Solar projects will be set up over 15,000 acres on identified barren and reclaimed free land of Coal India and also at locations where free land is available.

 

Estimated cost for Coal India’s solar power generation is pegged at Rs 12,000 crore. 

 

The joint venture company will be scheduled complete the proposed solar projects and thermal projects within 15 months and 60 months respectively.

 

The projects will be financed through debt equity ratio of 70:30 as per the CERC norms. A concept paper has been initiated by both the companies to get clearance from their respective boards. 

 

“This is a synergistic step, combining the resources of both the companies for a common goal. CIL will be riding the core technical expertise of NLCIL in thermal power generation and Solar PV Power,” a Coal India executive said. 

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