Public Sector Undertakings: The vacant top slots

Lalit Shastri

ecilWhen Prime Minister Narendra Modi, who has tirelessly kept crisscrossing the globe to project India as an ideal investment destination, should become a catalyst for change  and an example  for the high-flyers who keep cribbing  about jet lag, we have a scenario where dozens of top slots in State owned enterprises or the Public Sector Undertakings  are lying vacant –  this especially at a time when “Come make in India” is our message to captains of industry across the world.

A large number of government of India controlled PSUs, due to inherent and inbuilt factors, have continued to remain loss-making contraptions. There is always a pressure to fill the top slots in public sector organizations that are leading producers in their area of specialization called the “Maharatna” (great jewel) companies like Bharat Heavy Electricals Limited, Coal India Limited, GAIL (India) Limited, Indian Oil Corporation Limited, NTPC Limited, Oil & Natural Gas Corporation Limited, Steel Authority of India Limited or the national carrier like Air India and Food Corporation of India (FCI). In an organization like the BHEL, there is a premium for professionalism, expertise and seniority within the ranks, whereas, there has always been a scramble among those in the bureaucracy for posts like Chairman and managing Director of Air India which offers the opportunity to perform on the global stage and the FCI, which is considered a sinecure with endless perks of office.

The problem lies with light-weight PSUs (mini gems) that are struggling to stay afloat with outdated infrastructure, paucity of resources, red-tapism and rickety workforce in the midst of all-round competition triggered by the global economy. Obviously  there is no room for debate and on priority the government should formulate a divestment strategy for the non-performing enterprises.

In the interim, for those units that the Government wants to continue, it is important that they should not be allowed to go rudderless without a proper line of supervision.

Public Sector Enterprises where top slots are lying vacant over a long period:

01 POWER FINANCE CORPORATION LTD.(PFC) Director (Projects)
23/12/2015
A 75000-100000/- (revised)
01/01/2017
25/02/2016
02 MECON LTD. Director (Engineering)
23/12/2015
A 75000-100000/- (revised)
01/01/2017
24/02/2016
03 MISHRA DHATU NIGAM LIMITED(MIDHANI) Director (Finance)
22/12/2015
B 65000-75000/- (revised)
01/01/2017
24/02/2016
04 KUDREMUKH IRON ORE COMPANY LIMITED(KIOCL) Director (Finance)
16/12/2015
A 75000-100000/- (revised)
01/06/2016
20/01/2016
05 HINDUSTAN ANTIBIOTICS LIMITED (HAL) Director(Finance)
27/11/2015
C 20500-500-25000/- (1997 pay scale)
02/08/2015
15/01/2016
06 GAIL(INDIA) LTD. Director(Marketing)
06/11/2015
A 75000-100000/- (revised)
14/09/2015
14/01/2016
07 BHARAT ELECTRONICS LTD.(BEL) Chairman and Managing Director
04/11/2015
A 80000-125000/- (revised)
01/10/2016
11/01/2016
08 ELECTRONICS CORPORATION OF INDIA LIMITED(ECIL) Chairman and Managing Director
23/10/2015
A 80000-125000/- (revised)
01/11/2016
28/12/2015
09 NTPC LIMITED Director(Commercial)
09/10/2015
A 75000-100000/- (revised)
21/08/2015
30/11/2015
10 FERTILIZERS & CHEMICALS TRAVANCORE LTD.(FACT) Director(Marketing)
29/09/2015
A 75000-100000/- (revised)
09/06/2015
04/11/2015
11 HMT LIMITED Chairman & Managing Director
16/09/2015
A 27750-750-31500/- (revised)
01/05/2016
20/11/2015
12 WAPCOS LIMITED Director(Commercial & HRD)
31/07/2015
B 65000-75000/- (revised)
03/02/2015
21/09/2015
13 BHARAT ELECTRONICS LIMITED(BEL) Director(Marketing)
28/07/2015
A 75000-100000/- (revised)
01/08/2016
05/10/2015
14 INSTRUMENTATION LIMITED Director(Commercial)
20/07/2015
B 22500-600-27300/- (1997 pay scale)
01/08/2016
24/09/2015
15 HLL LIFECARE LIMITED Chairman and Managing Director
27/05/2015
B 75,000-90,000/-  (revised)
01/06/2016
31/07/2015Online Application Form
16 INDIAN TELEPHONE INDUSTRIES LIMITED(ITI)CORRIGENDUM

CORRIGENDUM (II)

Chairman and Managing Director
08/05/2015
A 27,750-750-31,500/-  (1997 Pay Scale)
01/11/2015
12/06/2015Online Application Form
17 TELECOMMUNICATIONS CONSULTANTS INDIA LTD.(TCIL) Chairman and Managing Director
12/02/2015
A 80,000-125,000/-  (revised)
01/02/2016
10/04/2015
18 HMT WATCHES LTD. Managing Director
27/05/2014
B 12000-400-14000/- (Pre-Revised)
01/06/2015
30/07/2014

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