Latest News

PESB recommends the name of Saravanan U for NFL’s CMD post

PSU Watch Bureau

New Delhi: Saravanan U is set to be the next Chairman & Managing Director (CMD) of National Fertilizers Limited (NFL), a Miniratna PSU under the Department of Fertilizers. He has been recommended for the post by the Public Enterprises Selection Board (PESB) panel on Friday. Presently, he is serving as CMD of Madras Fertilizers Limited (MFL).

The NFL's CMD post fell vacant after its former head Virendra Nath Datt superannuated in June 2022. Since then, NFL's Director (Marketing) has been holding the additional charge of the post.

Saravanan has been recommended for the post of CMD of NFL from a list of two candidates, who were interviewed by the PESB panel in its selection meeting held on February 3, 2023. Another candidate was from NFL.

As CMD of NFL, Saravanan will be the Chief Executive of the corporation and shall be accountable to its board of directors and the government. He will also be responsible for the efficient functioning of the corporation for achieving its corporate objectives and performance parameters.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)h7

BSNL employees seek 4G network sharing with VI to curb customer exodus

SCOPE promotes overall wellbeing with Health Talk cum Health Screening Camp

Indian Overseas Bank announces e-auction for Rs 13,471.68 crore NPA portfolio

Jio, Airtel, Vodafone Idea to participate in Rs 96,317 crore spectrum auction

FPSB India, IFSCA sign pact to promote GIFT IFSC as 'Global Finance Hub'