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| NTPC CMD AR Choudhury |
NARENDRA Modi-led NDA government has decided to replace Arup Roy Choudhury, chairman of India's biggest generation utility NTPC, making him the second PSU head who has not been allowed to continue till retirement after completing a five-year term.
Earlier on June 11, the government had denied extension to CS Verma as head of Maharatna PSU Steel Authority of India Limited (SAIL). Verma was...
appointed by the then UPA government in June 2010 and would have attained retirement age of 60 in September 2019.
appointed by the then UPA government in June 2010 and would have attained retirement age of 60 in September 2019.
Roy Choudhury would complete his five-year term on August 31. He is due to retire in December 2016.
NTPC achieved highest-ever capacity addition of 13,000 MW and also commissioned its first hydel project after overcoming several odds.
A search committee under power secretary Pradeep Kumar Pujari has been set up to select Roy Choudhury's successor. NTPC director (finance) Kulamani Biswal is a key contender for the post from among internal candidates.
In May 2006, the UPA government had denied extension to Subir Raha, who played a key role in transforming ONGC into a flagship energy firm.
PSU heads and directors are appointed for a period of five years or till the age of superannuation, whichever is earlier. If a candidate has some years left till superannuation, the government has the discretion to extend the tenure. Now, all eyes are on B.C. Tripathi, chairman of another Maharatna gas utility GAIL. Tripathi is currently accompanying oil minister Dharmendra Pradhan as part of a delegation in Turkmenistan for talks on the $10-billion TAPI transnational pipeline project. Tripathi was earlier granted a second five-year term in July 2014. But according to government rules, any appointment to a PSU board for over three years has to be re-confirmed after one year from taking charge. But the government rules allow an additional month for taking a final decision.
many times , people become CMDs without credentials of any sort,but because of right contacts in right places.
ReplyDeleteThen how it was decided in the case of Mr. B.Prasad Rao CMD of Maharatna BHEL by earlier congress government
ReplyDeleteCMD of public sector is a political appointment, any government will try to place its own man. But so far they have considered credentials as well. How this government will fare, not known. CMD and functional directors of these engineering industries like BHEL, NTPC should be home grown, internal candidate, and engineers.
ReplyDelete