New Delhi: Rajneesh Narain is set to be the next Director (Finance) of Northern Coalfields Limited (NCL), a PSU under the Ministry of Coal. He has been recommended for the post by the Public Enterprises Selection Board (PESB) panel on Friday. Currently, he is working as Chief Manager (Finance) in South Eastern Coalfields Limited (SECL).
Narain has been recommended for the post of Director (Finance) of NCL from a list of nine candidates, who were interviewed by the PESB selection panel in its selection meeting held on May 6. Out of nine candidates, two candidates were from SECL and one each from Mahanadi Coalfields Limited (MCL), Central Coalfields Limited (CCL), Bharat Coking Coal Limited (BCCL), REC Limited, Indian Strategic Petroleum Reserves Limited, Exide Industries Limited and Rosa Power Supply Company Limited.
Narain is a Master of Business Administration (MBA) in Finance. He has wide experience of more than 26 years in the Coal Industry. He started his career from the Sohagpur Area of South Eastern Coalfields Limited (SECL) and currently heading the Corporate Accounts of SECL's Headquarters. He has also worked as Chief Financial Officer of CERL/ CEWRL for six years. During his tenure as CFO of these rail corridor companies, he facilitated Financial Closure for CERL Phase-I Project & CEWRL project.
As Director (Finance) of NCL, Narain will be a member of the Board of Directors of the company and will report to the Chairman and Managing Director (CMD). He will be overall in charge of finance and accounts of the organisation and is responsible for evolving and formulating policies relating to finance and accounts as well as implementation.
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