Shyam Awasthi set to be Director (Finance) of HSCL

• Shyam Awasthi, Vice President (Accounts & Finance) in Mirza International Limited, set to be next Director (Finance) of HSCL

• Awasthi will be a member of the board of directors and will report to the Managing Director 

New Delhi: (PESB Recommendation) Shyam Awasthi is set to be next Director (Finance) of Hindustan Steelworks Construction Limited (HSCL), a PSU and subsidiary company of NBCC Limited. His name has been recommended by the Public Enterprises Selection Board (PESB) panel on Thursday. He is currently serving as Vice President (Accounts & Finance) in Mirza International Limited. The post of Director (Finance) in HSCL is vacant since October 24, 2017. As on March 31, 2019, HSCL Limited has employed 22 regular employees (Executives 19 & Non-Executives 03).

Awasthi has been recommended for the post of Director (Finance) of HSCL from a list of six candidates, who were interviewed by the PESB selection panel. The other candidates, who were on the list, were from IRCON International Limited, MECON Limited, Steel Authority of India Ltd (SAIL), Rashtriya Ispat Nigam Limited (RINL) and CG Power & Industrial Solutions Limited.

Also read: BSNL's TL Narayan Reddy set to be Managing Director of HSCL

As Director (Finance) of HSCL, Awasthi will be a member of the board of directors and will report to the Managing Director. He will be overall in-charge of finance and accounts functions of the organisation and be responsible for evolving, formulating & implementing policies relating thereto.

Hindustan Steelworks Construction Limited (HSCL)

Hindustan Steelworks Construction Limited (HSCL) is a subsidiary company of NBCC (India) Limited  (NBCC). The shareholding of the government of India in the company 49% and NBCC holds 51 percent of the paid-up share capital of HSCL. HSCL was incorporated under the Indian Companies Act, 1956 with the objective of creating in the public sector an Organization capable of undertaking complete construction of modern integrated Steel Plants. It diversified in other areas like power plants, mining projects, irrigation projects including dams and barrages, oil refineries, railways, airport, building and commercial complexes, rural roads, highways etc. HSCL is a MIniratna PSU in contract and construction and tech. The consultancy services with the administrative jurisdiction of the Ministry of Housing and Urban Affairs (MoHUA).

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