NMDC suspends Director (Commercial) V Suresh with immediate effect

New Delhi: State-run NMDC Limited has suspended its Director (Commercial) V Suresh with immediate effect on Saturday. The suspension comes on a day when Steel Authority of India Limited (SAIL) suspended two of its Directors and 26 officials for alleged corruption. “In terms of Regulation 30 read with Schedule-III of SEBI (LODR) Regulations, 2015, this is to intimate that NMDC Ltd. has been informed by the Ministry of Steel, Govt. of India vide Order dated 19.01.2024 that the Competent Authority, in exercise of the powers conferred by sub-rule 1 of Rule 20 of the Conduct, Discipline and Appeal Rules, 1978 of NMDC Ltd. has placed Shri V. Suresh, Director (Commercial), NMDC Ltd. under suspension with immediate effect,” NMDC told the stock exchanges in a regulatory filing.

Public Sector's voice PSU Watch is now on Whatsapp Channels. Click here to join

More details about the suspension have not yet emerged.  

(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.)