New Delhi: The Appointments Committee of the Cabinet (ACC) has approved the appointment of T Saminathan for the post of Chairman & Managing Director (CMD) of KIOCL Limited on Saturday. According to an order from the Department of Personnel & Training (DoPT), he has been appointed to the post for a period with effect from the date of his assumption of charge of the post till the date of his superannuation i.e. 31 .05.2024, or until further orders, whichever is earlier. He is currently serving as Director (Commercial) in the same organisation.
PSU Watch is the first organisation to report when Saminathan was recommended for KIOCL's CMD post. He was selected from the list of from a list of three candidates, who were interviewed by the selection panel. Two other candidates were from Steel Authority of India Ltd (SAIL) and Hindustan Shipyard Limited (HSL).
Saminathan is an engineering graduate (Mechanical Engineering) and also completed a post-graduate diploma in Business Management. He has three decades of experience in KIOCL Ltd in iron ore mining, beneficiation, palletization and pig iron making since joining in the year 1986 as a Graduate Engineer. During the initial period, he served in the Kudremukh mine beneficiation plant and later moved to Corporate Office, Technical Services Department, Bangalore in 1992 and executed projects viz: Crusher III installation, Relocation of Crusher I and installation of additional ball mills.
Prior to assuming charge as Director (Commercial), he was General Manager (Materials) heading both the Materials & Commercial divisions. He is instrumental in bringing the tolling concept which has resulted in increased Capacity utilization of the Pellet Plant. He is also put in system improvement in supply chain and logistics which has resulted in reduced transit and handing losses of iron ore fines, brought down inventory holding level, framed and implemented risk management across the organization, introduced e-procurement through service provider MSTC and started GeM procurement. He is a lifetime member of the Indian Institute of Materials Management (IIMM) and the Indian Institute of Mineral Engineers (IIME).
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