New Delhi: PM Chandraiah is set to be Director (Finance) of Engineering Projects (India) Limited (EPI Ltd), a Miniratna PSU under the Ministry of Heavy Industries & Public Enterprises. He has been recommended by a Public Enterprises Selection Board (PESB) panel on Wednesday. Currently, Chandraiah is working as Director (Finance) in Bengal Chemicals & Pharmaceuticals Limited, a Kolkata based PSU. Chandraiah has been recommended for the post of Director (Finance) of EPI from a list of four candidates who were interviewed by the selection panel. A total of two candidates who were on the list were from EPI and one candidate was from Konkan Railway Corporation Limited.
Chandraiah's education & background
Chandraiah is a cost accountant of Institute of Cost Accountants of India (ICAI). He has a professional experience of more than 31 years. He had joined EPI as Director (Finance) on November 25, 2014. Later he was given additional charge of Chief Financial Officer (CFO) of the company on March 27, 2015. Prior to joining EPI, he had served in various PSUs such as NTPC Limited, IREDA, Ircon International and NSPCL.
Engineering Projects (India) Limited
Engineering Projects (India) Limited was incorporated in 1970 as a government enterprise under the administrative control of the Department of Heavy Industry. Since then, it has performed its assigned roles as the country’s leading prime contracting company and has left its imprint not only in India but in the overseas market as well where its past operation spread over a decade in the wake of the oil boom in the middle east. EPI has successfully executed 31 odd projects valued over $ 1036.856 million in Iraq, Kuwait, Saudi Arabia, UAE, Yugoslavia, Maldives, Bhutan, Thailand and Oman.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)