The Appointments Committee of the Cabinet (ACC) has chosen Narendra Kothari, CEO of SAIL's Burnpur plant, to take over as the new Chairman and Managing Director of state-run iron ore producer NMDC.
"The ACC, headed by Prime Minister Manmohan Singh, has cleared Kothari's name as the new CMD of the company and he is expected to take over next week," a senior Steel Ministry official said.
NMDC, country's largest iron ore miner, has been without a full-time chairman since December 31, 2011, when its regular head Rana Som retired on attaining the age of superannuation.
"I have received the information, but I am yet to get any communique from the Steel Ministry," Kothari said.
The Public Enterprises Selection Board (PESB) had in July 2011 suggested the name of M S Rana, CMD, Security Printing and Minting Corporation of India, for the post.
But, the Steel Ministry was not in concurrence with the PESB's recommendation and instead gave company's Technical Director N K Nanda additional charge.
Following some issues that cropped up, SAIL Chief C S Verma was given the additional task and he continues at the helm of affairs at the country's top iron ore producer.
Later, a panel headed by Planning Commission Member Arun Maira recommended two candidates for the top job - Narendra Kothari and T K Lahiry, CMD of Bharat Coking Coal Ltd, in May last year.
