New Delhi: Kalyan Kumar Coari has assumed charge as Director (Finance) of Braithwaite & Co Ltd., a PSU under the Ministry of Railways, on November 12. Prior to this assignment, he was serving as General Manager in Bharat Heavy Electricals Limited. Earlier, the Appointments Committee of the Cabinet (ACC) had approved his appointment on November 2. According to an order from the Department of Personnel & Training (DoPT), Coari has been appointed to the post with effect from November 12 till April 30, 2024, i.e. date of his superannuation, or until further orders, whichever is earlier.
This must be mentioned here that PSU Watch was first to report that Coari was recommended for the post of Director (Finance) of Braithwaite & Co Ltd by a PESB panel on June 26. He was selected for the post from a list of three candidates who were interviewed by the selection panel. Two other candidates were from the Steel Authority of India Ltd (SAIL) and MSTC Limited.
Braithwaite & Co. Ltd
The company was established as Braithwaite in 1913 as the Indian Subsidiary of Braithwaite & Co. Engineers Limited (UK), for undertaking fabrication of structural steelworks. In 1930 it was incorporated as Braithwaite & Co. (India) Ltd. at Calcutta. In 1960 Braithwaite's Angus Works located at Champdani was set up for the manufacture of cranes, foundry products, machinery components etc. The project division at Calcutta was established in 1978 to execute turnkey projects for material handling plants. In 1987 Victoria Works was taken over, which is equipped with all facilities for the manufacture of pressure vessels, railway wagons and heavy structurals for bridges and other engineering applications. In 1976 company was taken over by the government of India, as a fully owned public sector company.
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