NEEPCO invites applications for CMD position; apply before Jan 3, 2025
NEEPCO Recruitment: North Eastern Electric Power Corporation Limited (NEEPCO) has announced job vacancy for the engagement of Chairman and Managing Director (CMD). Eligible and interested candidates can apply for the job before January 3, 2025. The post fell vacant on December 6.
Role and Responsbilites
The CMD, as the corporation's Chief Executive, will be responsible for steering the company toward achieving its corporate objectives and enhancing its operational efficiency.
Eligibility and Criteria
Applicants must fulfill the following criteria:
Age: Candidates must meet the age requirements, ensuring a residual service of 2-3 years, depending on their current role, before the age of superannuation at 60 years.
Qualifications: Candidates should be engineering graduates, Chartered Accountants, Cost Accountants, or Post Graduates with MBA/PGDIM from reputed institutions.
Experience: Applicants must possess a minimum of five years' cumulative experience in areas such as finance, business development, production, operations, marketing, or project management within the past decade. Exposure to the power sector or large hydro projects is preferred.
Preference will be given to candidates from listed companies with an annual turnover exceeding Rs 2,000 crore.
Pay Scale and Tenure
The selected candidate will receive a remuneration in the pay scale of Rs 2,00,000 – Rs 3,70,000 (IDA). The appointment will be for a term of five years or until superannuation, whichever is earlier.
Application Process
Interested candidates can submit their applications online via the PESB website. The deadline for submission is 3:00 PM on January 3, 2025, while nodal officers are required to forward applications by 3:00 PM on January 13, 2025.
Applicants from CPSEs, SPSEs, private sector organizations, and central government services must follow the specified channel for application submission, ensuring all supporting documents are provided.
Click here to read the official advertisement for the detailed information.
Company Overview
NEEPCO, a Schedule-A Miniratna (Category-I) CPSE under the Ministry of Power, operates the largest hydroelectric plant in India’s North Eastern Region. It is the only CPSE with Hydro, Thermal, and Solar power stations, excelling in challenging terrains. As of March 31, 2024, NEEPCO employed 1,438 personnel and had an authorized capital of Rs 5,000 crores with a paid-up capital of Rs 3,609.81 crores.
(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.)
