New Delhi: The Appointment Committee of Cabinet (ACC) on Friday approved the appointment of Jaikumar Shrinivasan as Director (Finance) of NLC India Limited, a state-run Navratna PSU under the administrative control of the Ministry of Power. Prior to this appointment, Shrinivasan was serving as Director (Finance) at Maharashtra State Electricity Distribution Company Limited (MSEDCL), a state PSU under controlled by the Government of Maharashtra.
The name of Shrinivasan was recommended for the post of Director (Finance) of NLC India Limited by the Public Enterprises Selection Board (PESB) panel on September 26. He was selected from a list of six candidates from different organisations.
Srinivasan is a B Com graduate from the University of Nagpur and an Institute of Cost and Work Accountants of India (ICWA) from the Nagpur chapter. Prior to his appointment in the MSEDCL, he was serving as Director (Finance) in the MSEB Holding Company Limited since August 2017. He also worked with Mahahenco as a Director (Finance). Apart from that, he was serving as part-time Director of Mahaguj Colliery Company limited, UCM Coal Company Limited and other subsidiary companies of Mahagenco.
NLC India Limited, formerly known as Neyveli Lignite Corporation Limited is a 'Navratna' PSU company in the fossil fuel mining sector in India and thermal power generation. It was incorporated in 1956 and was wholly owned by the government of India. It annually produces about 30 million tonne lignite from opencast mines at Neyveli in the state of Tamil Nadu in southern India and at Barsingsar in Bikaner district of Rajasthan state. The lignite is used at pithead thermal power stations of 3,240 MW installed capacity to produce electricity. Its joint venture has a 1000 MW thermal power station using coal.