PSU NEWS

cwc-a-k-singh-selected-for-board-level-position

CWC: A K Singh selected for Board-level position

The public-sector headhunter on Wednesday selected Amit Kumar Singh (IRTS), Senior DGM in Railways, for the post of Director (M & CP) in Central Warehousing Corporation (CWC); a post which is vacant at present. Altogether six candidates were interviewed by the PESB.

Subject to requisite clearances and ACC approval Singh will join the Board of Directors in CWC.

25 Jun 2020
ntpc-ongc-sign-mou-to-start-a-joint-venture-for-renewable-energy-business

NTPC-ONGC sign MoU to start a Joint Venture for Renewable Energy business

NTPC and ONGC have signed an MoU to set up a Joint Venture Company for the Renewable Energy business. This will enable both the companies to accelerate their mark in the field of Renewable Energy. The ONGC has an ambition of adding 10 GW of renewable power to its portfolio by 2040.

The two companies will explore the setting up of offshore wind and other Renewable Energy Projects in India as well as overseas with this tie-up. Both the companies will seek opportunities in the area of sustainability, storage, E-mobility, Environmental, Social and Governance (ESG) compliant projects.

The tie-up will enhance NTPC’s Renewable Energy capacity addition program and also the presence of ONGC in the Renewable Power business. 

23 May 2020
cwc-a-k-singh-selected-for-board-level-position

CWC: A K Singh selected for Board-level position

By IndianMandarins 25 Jun 2020

The public-sector headhunter on Wednesday selected Amit Kumar Singh (IRTS), Senior DGM in Railways, for the post of Director (M & CP) in Central Warehousing Corporation (CWC); a post which is vacant at present. Altogether six candidates were interviewed by the PESB.

Subject to requisite clearances and ACC approval Singh will join the Board of Directors in CWC.

ntpc-ongc-sign-mou-to-start-a-joint-venture-for-renewable-energy-business

NTPC-ONGC sign MoU to start a Joint Venture for Renewable Energy business

By IndianMandarins 23 May 2020

NTPC and ONGC have signed an MoU to set up a Joint Venture Company for the Renewable Energy business. This will enable both the companies to accelerate their mark in the field of Renewable Energy. The ONGC has an ambition of adding 10 GW of renewable power to its portfolio by 2040.

The two companies will explore the setting up of offshore wind and other Renewable Energy Projects in India as well as overseas with this tie-up. Both the companies will seek opportunities in the area of sustainability, storage, E-mobility, Environmental, Social and Governance (ESG) compliant projects.

The tie-up will enhance NTPC’s Renewable Energy capacity addition program and also the presence of ONGC in the Renewable Power business. 

merger-of-director-level-posts-major-restructuring-at-sail-shortly

Merger of Director-level posts: Major restructuring at SAIL shortly

By IndianMandarins 04 May 2020

If some top-placed sources are to be believed, a major Board-level restructuring is in its last legs. If everything goes as per the plan then three Director-level posts may be merged into a single post. Indianmandarins has reliably learned that posts of Director (Technical), Director (Raw Materials and Logistics), and Director (Projects and Business Planning) will be merged into one.

Further, posts of CEOs of five integrated plants at Burnpur, Bhilai, Bokaro, Rourkela and Durgapur would become board level posts that would equip and empower he CEOs of respective plants resolving and streamlining the complex statutory issues like mining, acquisition, land rights.

It may be underlined that initially, it was a board-level position but later it became CEO level posts. Subject to Cabinet clearance these posts would again gather the status of board-level posts.

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SCOPE organises webinar on ‘Economic Impact of COVID-CPSEs Perspective’

By IndianMandarins 22 Apr 2020

SCOPE has organized the third webinar of the SCOPE Webinar Series 2020 titled ‘Economic Impact of COVID-CPSEs Perspective’. SCOPE has recently introduced live webinars on relevant topics imperative for capacity building of PSEs. Deloitte has been its knowledge partner and looking at overwhelming response, SCOPE will continue to host such webinars to enhance competitiveness in PSEs.

Kishore Rungta, CMD, FACT and Vice Chairman, SCOPE and Atul Sobti, Director-General, SCOPE addressed the webinar that was attended by over 250 participants including several senior members of PSEs. Deloitte team comprised of Romal Shetty, President, Consulting and Nitin Kini, Partner who addressed implications, opportunities and Issues for PSEs with regard to COVID, how to strengthen India’s position as a strategic export, supply chain partners and shared practices adopted by SOEs around the world.

 Atul Sobti stated that COVID 19 is bringing a major change in business models globally emphasizing that organizations expeditiously changing and adopting new formats are ones that will emerge stronger.

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NTPC: D K Patel takes charge as Director, HR

By IndianMandarins 01 Apr 2020

Dilip Kumar Patel, on Wednesday took charge as new Director (Human Resources), NTPC. He succeeded Saptarshi Roy who retired yesterday i.e. 31.03.2020. PESB had selected Patel for the post on 18.09.2019 and ACC had endorsed his appointment on 2.12.2020. He will have a tenure till the date of his superannuation i.e. 30.04.2024.

Patel has been the HR Head in various NTPC projects like NSPCL Bhilai, Sipat, and Tanda for around 12 years. He was also the Regional Head of HR in the Eastern Region-2, before he was appointed as the Director (HR).

He graduated in Mechanical Engineering from NIT, Rourkela and did his Post Graduate Diploma in Business Management (HR & Finance) from MDI, Gurgaon.

He started his career in NTPC way back in 1986 as an Engineering Executive Trainee (XI batch) and had over more than three decades of the experience. After gaining work experience in (Mechanical Maintenance & CHP Operation) and Employee Development Centre (EDC) at Korba, he took a leap in his career and switched to core HR functions in 1997. Later he moved on to become the Head of HR at Koldam where the first hydro project of NTPC was launched.

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Pangariha holds bureaucracy responsible for slow reform

By IndianMandarins 26 Mar 2020

In his latest book, former vice chairman of government think tank NITI Aayog Arvind Panagariya delves about Indian bureaucracy that often sufferfrom a socialist overhang leading it to slow down even in the cases of such reforms that the top leadership seeks to implement.

Panagariya writes in his book that the government attempts to privatize a large number of PSUs remained stalled despite the PM’s push to get cabinet approval for the list of companies drawn up by the NITI Aayog.
However, once the matter went to the DIPAM, it remained stuck there,” Panagariya says in his book — ‘India Unlimited, Reclaiming the Lost Glory’, adding that labour law reforms offered another example of how the bureaucracy blocked efforts of the political executive. 
He feels bureaucracy’s adherence to socialism remains deeply rooted in the education its members receive in Indian universities, where faculty members are often wedded to anti-business and anti-market ideology.The book offers many such examples where anyone finds it difficult to break steel framework of bureaucracy. In another example related to civil services reform. PM took s initiative for lateral entry at the top levels of the bureaucracy but going by available information, a conclusion could be reached upon that bureaucracy slowed down the process to such an extant that it was only at the very end of his term that nine officers could be inducted from outside, sense Panagariya, who is a professor of economics at Columbia University.


ntpc-ramesh-babu-appointed-as-director-operations

NTPC: Ramesh Babu appointed as Director, Operations

By IndianMandarins 17 Mar 2020

The NaMo administration on Tuesday cleared the appointment of Ramesh Babu V (ED, NTPC) to the post of Director (Operations), National Thermal Power Corporation (NTPC) Limited  till the date of his superannuation i.e. 31.01.2024.

He may take over from Prakash Tiwari retiring on 30.04.2020.

bdl-appointment-of-director-finance-cleared

BDL: Appointment of Director, Finance, cleared

By IndianMandarins 16 Mar 2020

The NaMo administration on Monday cleared the appointment of Srinivasulu Nuka (GM, BDL) to the post of Director (Finance), Bharat Dynamics Limited (BDL) till 31.01.2024 i.e. the date of his superannuation. He may take over the charge on 01.07.2020.

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