National News

PESB did not find any suitable candidate for BEL’s CMD post

PSU Watch Bureau

New Delhi: The Public Enterprises Selection Board (PESB), the head hunter body of the government which is responsible for the selection of personnel in the posts of Chairman, Chairman & Managing Director (CMD) and Functional Directors in the Public Sector Undertakings (PSUs) has not been able to find any suitable candidate for Bharat Electronics Limited's (BEL) Chairman & Managing Director (CMD) post. The selection panel's interview-cum selection meeting was held on Friday, in which a total of three candidates have appeared.

"The Board did not recommend any candidate for the post and observed the administrative Ministry/Department to obtain approval of the competent authority for constituting a Search-cum-Selection Committee (SCSC)," the PESB panel said in a notification.

Among the three candidates who appeared for the interview, two were from BEL only and one of them was an IRSEE officer.

The PESB had posted a vacancy for the post of CMD of BEL through the portal in March this year. The CMD post in the organisation fell vacant on July 1, after MV Gowtama's superannuation on June 30. However, BEL's Director (Marketing) Anandi Ramalingam is holding the additional charge of the CMD post.

ALSO READ:

Bharat Electronics Limited

Bharat Electronics Limited (BEL) is a Navratna Defence PSU under the administrative control of the Department of Defence Production, Ministry of Defence. The company was established in 1954 under the Ministry of Defence. It has nine units across India. BEL has core competencies in the Defence sector in areas of Radars & Weapon Systems, Sonars, Communication, EWS, Electro-Optics and Tank Electronics. In the non-defence sector, BEL's product range includes EVMs, Tablet PCs, ICs, Hybrid Microcircuits, Semiconductor devices, solar cells etc.

(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.)

MRPL net profit tanks 40.41% in Q4FY24 year-on-year, final dividend of Rs 2 declared

RBI proposes tighter project finance rules

Adani Green Energy Q4 net profit declines 39% to Rs 310 crore due to rising expenses

REC gets RBI nod to set up wholly-owned subsidiary in IFSC, GIFT City, Gujarat

Mining sector registers record production in FY 2023-24