New Delhi: (PESB Recommendation) Kalyan Kumar Coari is set to be Director (Finance) of Braithwaite & Co. Ltd., a PSU under the Ministry of Railways. The name of Coari has been recommended by a Public Enterprises Selection Board (PESB) on Friday. Currently, Coari is serving as General Manager in Bharat Heavy Electricals Limited (BHEL), a Maharatna PSU under the administrative control of the Ministry of Heavy Industries and Public Enterprises.
Coari has been recommended for the post of Director (Finance) of Braithwaite & Co. Ltd. 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 MSTC Limited.
The post of Director (Finance) in Braithwaite & Co. Ltd. is vacant since November 11, 2019. As Director (Finance) at Braithwaite & Co. Ltd, Coari will be overall in-charge of the finance and accounts of the organisation and will be responsible for evolving and formulating policies related to finance and accounts as well as implementation thereof.
Braithwaite & Co. Ltd
The company was established as Braithwate 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 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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