New Delhi: The Appointments Committee of the Cabinet (ACC) has approved the appointment of Baidyanath Maharana as Director (Finance) of North Eastern Electric Power Corporation (NEEPCO) Limited on Saturday. According to an order from the Department of Personnel & Training (DoPT), he has been appointed to the post for a period of five years from the date of his assumption of charge of the post, or till the date of his superannuation, or until further orders, whichever is the earlier. He is currently serving as Chief General Manager (Finance).

Maharana was recommended for the post of Director (Finance) of NEEPCO by the PESB panel.

PSU Watch was the first news organisation to report when Maharana was recommended by the PESB panel on June 8. He was selected from a list of four candidates, who were interviewed by the selection panel. Out of four candidates, two candidates were from NEEPCO Limited and the other two were from NTPC Limited and Oil India Limited (OIL).

As Director (Finance) of NEEPCO, Maharana will be a member of the Board of Directors and will report to the Chairman & Managing Director (CMD). He will be overall in charge of the finance and accounts functions of the organisation and will be responsible for evolving and formulating finance policies and their implementation.

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