C S Verma to be the next SAIL chief: Virbhadra

Source: PTI May 11 2010 , New Delhi

BHEL Director (Finance) C S Verma would succeed S K Roongta as chairman of SAIL, the biggest state-owned steel producer in the country.

"We have cleared BHEL's CS Verma's name for the post of next SAIL chairman," Steel Minister Virbhadra Singh told reporters here today.

Verma will take over on June 1 from Roongta, who retires by the end of this month.

The government's PSU headhunter Public Enterprise Selection Board (PSEB) on February 26 selected Verma for the top job at Steel Authority of India Ltd.

PSEB had named building construction firm NBCC Chairman and Managing Director Arup Roy Choudhury as its second choice.

As per information, a section of officials in the Steel Ministry wanted the panel suggested by PESB scrapped and the job to go to an Additional Secretary in another ministry.

However, Steel Minister Virbhadra Singh, approved the panel's recommendation, placed before him after vigilance scrutiny of the selected candidates, as per norms.