New Delhi: Kalyan Kumar Coari is set to be the new Director (Finance) of Braithwaite & Co Ltd, a PSU under the Ministry of Railways, with the Appointments Committee of the Cabinet (ACC) approving his appointment. According to an order from the Department of Personnel & Training (DoPT), Coari has been appointed to the post with effect from the date of taking over charge of the post till April 30, 2024, ie date of his superannuation, or until further orders, whichever is earlier. Currently, Coari is working 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.
Earlier, PSU Watch had reported that Coari was recommended for the post of Director (Finance) of Braithwaite & Co Ltd by a PESB panel on June 26. He was selected for the post from a list of three candidates who were interviewed by the selection panel. Two other candidates were from the Steel Authority of India Ltd (SAIL) and MSTC Limited.
Braithwaite & Co Ltd
The company was established as Braithwaite 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, the company was taken over by the government of India as a fully-owned public sector company.
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