PUBLIC SECTOR NEWS

pesb-to-restart-selection-interviews-with-hudco-cmd-post-05-candidates-shortlisted

PESB to restart selection interviews with HUDCO CMD post; 05 candidates shortlisted

Indianmandarins has reliably learned that the public-sector headhunter (PESB) is all set to re-start conducting interviews for Board-level positions in Central PSUs from 12 June; a process which eventually came to a standstill came during the nation-wide lockdown. Board-level selections were put on hold after selections to the posts of Director (Marketing), National Textile Corporation (NTC) and MD, Central Cottage Industries Corporation (CCIC) on 17 March.

Reportedly, as many as five candidates have been shortlisted for the post of CMD, HUDCO who may be interviewed on 12 Jnue.

Interestingly, selection of CMD, HUDCO would be Rajiv Kumar’s opening interview as Chairman, PESB though the Board started inviting applications for Board-level posts from 19 May itself. 

05 Jun 2020
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
pesb-to-restart-selection-interviews-with-hudco-cmd-post-05-candidates-shortlisted

PESB to restart selection interviews with HUDCO CMD post; 05 candidates shortlisted

By IndianMandarins 05 Jun 2020

Indianmandarins has reliably learned that the public-sector headhunter (PESB) is all set to re-start conducting interviews for Board-level positions in Central PSUs from 12 June; a process which eventually came to a standstill came during the nation-wide lockdown. Board-level selections were put on hold after selections to the posts of Director (Marketing), National Textile Corporation (NTC) and MD, Central Cottage Industries Corporation (CCIC) on 17 March.

Reportedly, as many as five candidates have been shortlisted for the post of CMD, HUDCO who may be interviewed on 12 Jnue.

Interestingly, selection of CMD, HUDCO would be Rajiv Kumar’s opening interview as Chairman, PESB though the Board started inviting applications for Board-level posts from 19 May itself. 

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.

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.

major-board-level-appointments-in-central-psus-include-cmd-iocl-and-director-pfc

Major Board level appointments in Central PSUs include CMD, IOCL and Director, PFC

By IndianMandarins 29 Apr 2020

The NaMo administration on Tuesday effected a major Board-level appointments in Central PSUs namely; Indian Oil Corporation Limited, Power Finance Corporation, Northern Coalfields Limited, Mahanadi Coalfields Ltd and Cotton Corporation of India:

CMD, IOCL: Shrikant Madhav Vaidya appointed as Chairman, Indian Oil Corporation Limited (IOCL) till the date of his superannuation, i.e. 31.08.2023. Presently, he is working as Director (Refineries), IOCL. He will take charge on 01.07.2020 following the retirement of Sanjiv Singh retiring on 30.06.2020.

Director (Finance) PFC: Mrs. Parminder Chopra (ED, PFC) appointed to the post of Director (Finance), Power Finance Corporation (PFC) for a period of five years or till the date of her superannuation. She will take charge on 01.07.2020 following the retirement of N B Gupta on 30.06.2020.

Director (Finance) BEL: Dinesh Kumar Batra (GM, BEL) appointed to the post of Director (Finance) in Bharat Electronics Limited till the date of his superannuation i.e. 31.10.2022. He will take charge on 01.08.2020 following the retirement of Koshy Alexander on 31.07.2020.

Director (Technical) NCL: Dr Anindya Sinha (Project Advisor, Ministry of Coal) appointed to the post of Director (Technical), Northern Coalfields Limited (NCL)  till the date of his superannuation i.e. 30.06.2023. He will take charge on 08.01.2020 following the retirement of G Pandey.

Director (Technical), NCL: Subrata Shekhar Sinha (GM, South Eastern Coalfields Limited) appointed to the post of Director (Technical), Northern Coalfields Limited (NCL) till the date of his superannuation i.e. 30.09.2022. One more post of Director (Technical) is lying vacant in NCL.

Director (Finance) NLC: Ram Narayan Dubey (GM, Coal India) appointed to the post of Director (Finance), Northern Coalfields Limited (NCL) till the date of his superannuation, i.e. 31.05.2022. He will assumption of charge on 01.06.2020 following the retirement of Nag Nath Thakur on 31.05.2020.

Director (Technical), MCL: Baban Singh (GM, South Eastern Coalfields Limited)  appointed to the post of Director (Technical), Mahanadi Coalfields Ltd. (MCL) till his superannuation on 30.11.2021. A post of Director (Technical/P&P) is already vacant in MCL.

Director (Finance), CCI: Lalit Kumar Gupta (CGM, CCI) appointed to the post of Director (Finance), Cotton Corporation of India Limited for a period of five years. Presently, the post is lying vacant.

new-chairman-of-pesb-soon-search-committee-meeting-held

New chairman of PESB soon: Search committee meeting held

By IndianMandarins 27 Apr 2020

If some top sources are to be believed members of the Search Committee held a meeting on Saturday morning to select the new Chairman of the public-sector headhunter i.e. Public Enterprise Selection Board (PESB). If everything goes right, the PESB may get a new chairman in a couple of weeks.

The Chairman post fell vacant after Kapil Dev Tripathy (Retd IAS:1980:AM) was moved to Raisina Hills as Secretary to President of India Ram Nath Kovind.

It may be underlined that presently, only two members are there on the Board; former Railway Board chairman M K Gupta and Rear Admiral Shekhar Mital. Posts of chairman and a member are vacant.

Sources said that the position of a member may continue to remain vacant as the search committee discussed the post of Chairman only.

The committee, headed by PS to PM Dr P K Misra, comprises of Union Cabinet Secretary Rajiv Gauba, DoPT Secretary C Chandramouli, Union Home Secretary Ajay Bhalla, Finance Secretary Atanu Chakraborty and Public Enterprise Secretary Sailesh.

business-continuity-measure-scope-holds-interactive-webinar-with-ministry-of-corporate-affairs

Business Continuity measure: SCOPE holds interactive webinar with Ministry of Corporate Affairs

By IndianMandarins 27 Apr 2020

Standing Conference of Public Enterprises (SCOPE), the apex body of public sector enterprises (PSEs) in continuation of its endeavor for creating a conducive policy and business environment for PSEs organized an interactive webinar with Ministry of Corporate Affairs (MCA) on ‘Ease of Doing Business Initiatives & Business Continuity Measures undertaken by MCA during COVID19’. Manoj Pandey, Joint Secretary, MCA interacted with participants on steps taken to sensitize and facilitate corporates to meet the challenges arising out of COVID 19 besides new initiatives to make business in India corporate-friendly and simplified. The webinar was also addressed by Rakesh Kumar, Chairman, SCOPE & CMD, NLC, Atul Sobti, Director General, SCOPE, and S. Sakthimani, Director (Finance) CCI. The webinar was attended by over 260 participants including several senior members of the public sector fraternity.

Manoj Pandey highlighted the business continuity measures of the Government during the lockdown in the form of virtual offices, regular interactions with industrial bodies, use of online platforms to handle grievances etc. During the presentation, he also highlighted the Government initiatives to provide a simplified business platform to corporates. He explained the use of new Web form - Spice+ whereby multiple compliances for registration are done through a single-window system, electronic filings, and settlement through e-office etc.

Rakesh Kumar in his address to the participants said that the global slump in demand and limited resources can decelerate growth and PSEs role, therefore, becomes important. He also said that the Government’s constructive role and investor-friendly schemes can help the country become a preferred destination for investment. He also encouraged PSEs to adapt innovative platforms like digitalization and utilize opportunities like these webinars to progress their learning.

Atul Sobti (DG, SCOPE) in his address expressed the significance of rising virtual platforms which offer greater access to a wider audience and a great opportunity. Taking cue from Hon’ble Prime Minister, he said that this pandemic has taught us to be self-reliant and self-dependent and PSEs can play a vital role in the country. Sobti also said that India has achieved a significant leap in Ease of Doing Business rankings with the efforts of the Government and PSEs must make the best use of the facilities offered.

S Sakhthimani said that while COVID is a global pandemic, it offers multiple opportunities to PSEs for excellence in performance.

no-ias-officer-in-the-headless-headhunter-

No IAS officer in the headless headhunter?

By IndianMandarins 22 Apr 2020

Following the appointment of PESBchairman K D Tripathi as Secretary to the President, a rare situation has arrived in the public-sector headhunter when no IAS officer is there on the headless Board.

Presently, only two members are there on the Board; former Railway Board chairman M K Gupta and Rear Admiral Shekhar Mital. Posts of chairman and a member are vacant. Power corridors are abuzz whether a former IAS officer would be drafted as PESB chairman. It is also to be seen whether the chairman would be junior to the other two members or one of these members itself would be made chairman of the selection board.

ntpc-flexes-muscle-augments-capacity-a-glance-

NTPC flexes muscle, augments capacity: A glance

By IndianMandarins 26 Mar 2020

India’s largest power company, NTPC ( National Thermal Power Corporation Limited)  on Wednesday announced the increase of its total installed capacity to 58,816 MW with the commissioning of the second unit of 660 MW at Khargone Super Thermal Power Project in Madhya Pradesh.

The present installed capacity of NTPC group comprises 55 NTPC stations which include 24 coal-based, seven combined cycle gas and liquid fuel, two hydro, one Wind, 11 solar PV projects and ten joint venture stations. The capacity will have a diversified fuel mix and by 2032, non-fossil fuel-based generation capacity shall make up nearly 30 percent of NTPC’s portfolio.

NTPC has been operating its plants at high-efficiency levels. Although the company has 15.56 percent of the total national capacity, it contributes 22.74 percent of total power generation due to its focus on high efficiency.

NTPC Limited is an Indian public sector undertaking engaged in the business of generation of electricity and allied activities. It is India’s largest energy conglomerate with roots planted way back in 1975 to accelerate power development in India. It is a company incorporated under the Companies Act 1956 and is promoted by the government of India.

free stat counter

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.