CMD positions vacant in 35 PSUs

PSU
PSU

In a PSU news segment; Several state-owned firms across the country are headless at the moment, with top posts lying vacant in as many as 35 Central Public Sector Undertakings (PSUs) including Coal India, MTNL, BSNL and NHPC, the Parliament was informed on Monday.

In all, 25 Chairman-cum-Managing Director (CMD) posts, 8 MD posts and 2 Chairman posts are lying vacant, according to a written reply by Minister of State for Heavy Industries and Public Enterprises P Radhakrishnan in the Lok Sabha.

The main reasons for vacant Board level posts in CPSEs include occurrence of unforeseen vacancies which arise due to resignation/death/vertical shift of incumbent, non-confirmation/non-extension of tenure of incumbent and scrapping of recommended panel by the unforeseen authority.

Moreover, delay in obtaining vigilance clearance from competent authority; court cases; creation of new Board level posts; and decision of the concerned administrative Ministry to keep a post in abeyance, etc. are other reasons.

The CMD post is lying vacant in Hindustan Photo Films Manufacturing Company, MMTC, Hooghly Dock and Port Engineers, NHPC, Hindustan Cables, Brahmaputra Valley Fertilizer Corporation, Pawan Hans Helicopters, Central Inland Water Transport Corporation, Scooters India, Bharat Bhari Udyog Nigam, National Textile Corporation, Orissa Mineral Development Company, Bisra Stone Lime Corp.

Other companies where the CMD post is vacant include Bridge & Roof Company India, Northern Coalfields, Power Finance Corporation, Indian Railway Catering and Tourism Corporation, Project & Development India, National Jute Manufacturers Corporation, Mahanagar Telephone Nigam (MTNL), Western Coalfields Ltd, Coal India, Bharat Sanchar Nigam Ltd (BSNL), South Eastern Coalfield and British India Corporation.

Those PSUs where MD post is vacant include HMT Chinar Watches, Nagaland Pulp & Paper Company, Ferro Scrap Nigam, ONGC Videsh Ltd, Rajasthan Drugs & Pharmaceuticals, Dedicated Freight Corridor Corporation of India, Chennai Petroleum Corp and Central Cottage Industries Corporation of India. Indian Oil Corporation and Airports Authority of India do not have a chairman.

News courtesy: BureaucracyToday.

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