PESB picks Ghanshyam Sharma for HCL’s Director (Finance) post

New Delhi: Ghanshyam Sharma is set to be the next Director (Finance) of Hindustan Copper Limited (HCL), a PSU under the Ministry of Mines. He has been recommended for the post by the Public Enterprises Selection Board (PESB) panel on June 4. Presently, Sharma is serving as Director (Finance) in Mineral Exploration Corporation Limited (MECL), also a PSU under the Ministry of Mines.

Sharma has been recommended for the post of Director (Finance) of HCL from a list of three candidates, who were interviewed by the PESB panel in its selection meeting held on June 4. Other two candidates, who were on the list, were one each from KIOCL Limited and GMR Group.

Ghanshyam Sharma is a Chartered Accountant. He has work experience of more than 30 years in audit and working of various PSUs engaged in the field of finance, engineering, telecommunication, power, consultancy, construction and paper, etc. He has worked in different capacities in varied PSUs like Telecom Consultants (India) Limited (TCIL), Nuclear Power Corporation Limited (NPCIL) and Hindustan Newsprint Limited (HNL). He has vast experience in the project management of power and telecom projects.

Besides, he has got exposure in the field of financing of projects, i.e. raising of funds through the issue of bonds, term loan, cash credit etc. from banks and suppliers' credit etc. He was widely travelled and served in India & abroad like the Kingdom of Saudi Arabia, Qatar and Afghanistan besides special assignments with the United Nations.

As Director (Finance) of HCL, Sharma will be a member of the board of directors and will report to Chairman-cum-Managing Director (CMD). He will be overall in charge of finance and accounts functions of the organisation and will be responsible for evolving and formulating policies relating to finance and accounts including financial planning, budgeting, costing, financial control, preparation of financial statements in compliance with corporate norms and statutory requirements.

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