New Delhi: (PESB Recommendation) Tadi Lakshmi Narayan Reddy is set to be Managing Director (MD) 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 Monday. Currently, he is serving as Chief Engineer (Civil) in Bharat Sanchar Nigam Limited (BSNL) since August 2016. The post of Managing Director in HSCL is vacant since June 13, 2018. As on March 31, 2019, HSCL Limited has employed 22 regular employees (Executives 19 & Non-Executives 03).
Reddy has been recommended for the post of Managing Director of HSCL from a list of five candidates, who were interviewed by the PESB selection panel. The other candidates, who were on the list, were from Central Mine Planning & Design Institute Limited (CMPDIL), Steel Authority of India Ltd (SAIL), Indian Railways and one Indian Telecommunication Service (ITS).
As Managing Director of HSCL, Reddy will be chief executive of the company and will be accountable to its Board of Directors, its holding company i.e. NBCC (India) Limited and the government. He also will be responsible for the efficient functioning of the corporation and for achieving its corporate objectives and performance parameters.
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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