PESB recommends Narendra Kumar's name for NMDC chairman

The Public Enterprises Selection Board has recommended Narendra Kumar Nada's name for the post of chairman and MD for NMDC.

According to a notification issued by PESB on Monday, it has selected Nanda, currently NMDC Director (technical), for the top post after interviewing four others, including Gopal Singh, CMD of Central Coalfields.

"PESB will send its recommendation to the Department of Public Enterprises, which in turn will send it to the ministry of steel for consideration. The steel ministry after getting necessary clearances from CVC and other agencies will send it to the Appointments Committee of the Cabinet for approval," a source familiar with the process told PTI.

"The whole process will take a few weeks."

Additional Secretary and Financial Advisor to the steel ministry Bharathi S Sihag has been holding the additional charge as CMD of the iron ore company from January 1 after the previous CMD Narendra Kothari retired on December 31, 2015.

PESB had earlier recommended the name of Gopal Singh for NMDC's top post.

However, the Appointments Committee of the Cabinet had rejected the PESB recommendation and asked it to start afresh the selection process for the post.