Latest news with #PESB
Time of India
2 days ago
- Business
- Time of India
PESB picks L V S Sudhakar Babu as Managing Director of Sagarmala Finance Corporation
Advt By , ETInfra Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. Get updates on your preferred social platform Follow us for the latest news, insider access to events and more. Lagadapati Venkata Srinivasa Sudhakar Babu has been picked by the Public Enterprises Selection Board (PESB) to be the Managing Director of Sagarmala Finance Corporation Limited, a Non- Banking Financial Company (NBFC) dedicated for the maritime Babu is currently an Executive Director at Housing and Urban Development Corporation Limited (Hudco). The recommendation of PESB, the government's head-hunter, will have to be ratified by the Appointments Committee of the Cabinet (ACC).The Sagarmala Finance Corporation Ltd has received registration from the Reserve bank of India (RBI).'In six months' time, it will be able to start lending to maritime companies and ventures,' R Lakshmanan, Joint Secretary, Ministry of Ports, Shipping and Waterways said at an event in Mumbai on August Corporation aims to offer tailored financial products to a diverse range of stakeholders such as port authorities, shipping companies, micro, small and medium enterprises, waterway vessel operators, start-up and tech companies, shipyards, coastal and inland waterways, renewable energy companies, fishing vessel operators and industrial developers within coastal economic Corporation will fund port modernisation, port connectivity (road and rail), port-led industrialisation, coastal community development, inland waterway development, and improving port-hinterland connectivity and related maritime will provide short-term loan (up to 1 year), medium-term loan (1-3 years) and long-term loan (3-15 years) to drive growth in the Indian maritime sector by supporting projects that enhance port capacity and related infrastructure and businesses along with forward and backward linkages, according to a presentation made by the Corporation recently.
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Business Standard
11-06-2025
- Business
- Business Standard
PESB recommends THDC India director Bhupender Gupta for NHPC top job
Government headhunter PESB on Wednesday recommended the name of Bhupender Gupta for the post of Chairman & Managing Director of NHPC Limited. Gupta currently holds the post of Director (Technical), THDC India Limited -- a subsidiary company of power giant NTPC. Gupta along with eight others appeared for the interview in the selection meeting for the post of CMD NHPC, the Public Enterprises Selection Board (PESB) said in a notification. Suprakash Adhikari, Director(Technical) NHPC, Ashok Kumar Nauriyal, ED NHPC, and Ramesh Mukhiya, MD of Chenab Valley Power Projects Ltd ( A JV of NHPC and JKPDC) also appeared for the interview. Mukta Shekhar, Joint Secretary, Indian Railways Accounts Service; Rajesh Kumar Singh, CMD, Bridge And Roof Company (India) Limited; Thangarajan Subhash Chandira Bosh, Executive Director Chief Executive Officer, REC Power Development & Consultancy Limited; Krishna Mohan Srivastava, Senior General Manager Business Area Head, Sitapur, Bharat Sanchar Nigam Limited, and Ali Shah, ED (Entity Appraisal -II & CSR), PFC appeared for the interview. NHPC, under the Ministry of Power, is the largest hydropower development organisation in India. The Faridabad-based company has also diversified into solar and wind energy development.
Time of India
30-04-2025
- Business
- Time of India
Alkesh Kumar appointed as new member of PESB, Sujata Chaturvedi of UPSC
Tired of too many ads? Remove Ads Retired IAS Alkesh Kumar Sharma has been appointed as a member of the Public Enterprises Selection Board ( PESB ) and Sujata Chaturvedi as a Member, Union Public Service Commission ( UPSC ), the Ministry of Personnel, Public Grievances and Pensions, Department of Personnel and Training said in a press release."The President is pleased to appoint Alkesh Kumar Sharma, IAS (KL:1990) (Retd.) as Member, Public Enterprises Selection Board (PESB). with effect from forenoon of 17.04.2025, for a term of three years or until attaining the age of 65 years or until further orders, whichever is the earliest," D S Nagalakshmi Deputy Secretary to the Government of India Chaturvedi has been appointed as Member, Union Public Service Commission (UPSC) under Article 316(1) of the Constitution of India by the President."The tenure of Sujata Chaturvedi, as Member, UPSC, will commence from the date she enters upon the office of Member, UPSC. The term of her appointment will be regulated in accordance with the provisions of Article 316(2) of the Constitution of India, and the conditions of service will be governed by UPSC (Members) Regulations, 1969, as amended from time to time," Deputy Secretary (PP-II) said.
