Narendra Kothari to be NMDCs new CMD

Written by PTI | New Delhi | Updated: Dec 7 2013, 10:23am hrs
Narendra Kothari, currently CEO of SAILs Burnpur plant, will take over as the new chairman and managing director of state-run iron ore producer NMDC, which is running without a full-time head for the last two years. We have chosen Kothari as the next regular CMD of NMDC, steel minister Beni Prasad Verma said on Friday.

Asked if the decision was final, Verma said, Yes, it is. Kothari is likely to assume charge from the beginning of the next year.

NMDC is without a full-time chairman after the retirement of its earlier regular head Rana Som on December 31, 2011.

The Public Enterprises Selection Board (PESB) had in July 2011 suggested the name of MS Rana, CMD, Security Printing and Minting Corporation of India, for the post.

Incumbent Som retired from NMDC on December 31, 2011, after attaining the age of superannuation. But, the steel ministry was not in concurrence with the PESBs recommendation and instead gave companys technical director NK Nanda the additional charge. Following some issues that cropped up, SAIL chairman CS Verma was given the additional task and he is still continuing at the helm of affairs of the countrys top iron ore producer.