New Delhi: Kamlesh Kumar Jangid is set to be the next Director (Finance) of Power System Operation Corporation Limited (POSOCO). He has been recommended for the post by the Public Enterprises Selection Board (PESB) panel on Saturday. He is currently serving as General Manager (Commerce) in Gujarat Urja Vikas Nigam Limited (GUVNL).
Jangid has been recommended for the post of Director (Finance) of POSOCO from a list of six candidates who were interviewed by the PESB selection panel. Candidates, who were appeared for the interview were from Engineers India Limited, Konkan Railway Corporation Limited (KRCL), Power Finance Corporation (PFC), Power Grid Corporation of India Limited, Gujarat Urja Vikas Nigam Limited and Siyaram Silk Mills Limited.
As Director (Finance) of POSOCO, Jangid will be a member of the Board of Directors and will report to the Chairman and Managing Director (CMD). He will be overall in charge of the finance and accounts functions of the organisation and is responsible for evolving and formulating finance policies.
POSOCO is a wholly-owned government enterprise under the Ministry of Power. Earlier it was a wholly-owned subsidiary of Power Grid. The company was formed in March 2009 to handle the power management functions of POWERGRID. POSOCO is responsible for managing the power system operations – a mission-critical activity, with security, economy and reliability.
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