Neyveli Lignite Corporation Limited Invites Application for Chairman and Managing Director Recruitment 2022

Vacancy Circular No:

Neyveli Lignite Corporation Limited (NLC)
invites applications for recruitment of Chairman and Managing Director

Chairman and Managing Director

Number of Vacancy: 1 Posts

Educational Qualification: B.Tech/B.E, CA, MBA/PGDM

Advt.No. - 58/2022

1. Name of the Post: Chairman and Managing Director

2. Scale of the Post: Rs. 200000-370000 (IDA)

3. Job Description And Responsibilities: Chairman and Managing Director is the Chief Executive of the Corporation and is accountable to the Board of Directors and Government of India. He/She is responsible for the efficient functioning of the Corporation, and for achieving its corporate objectives and performance parameters.

4. Employment Status: The applicant must, on the date of application, as well as on the date of interview, be employed in a regular capacity – and not in a contractual/ad-hoc capacity – in one of the followings:-

(a) Central Public Sector Enterprise (CPSE) (including a full-time functional Director in the Board of a CPSE);

(b) Central Government including the Armed Forces of the Union and All India Services;

(c) State Public Sector Enterprise (SPSE) where the annual turnover is *Rs 5000 crore or more;

(d) Private Sector in company where the annual turnover is *Rs 5000 crore or more. Preference would be given to candidates from listed companies. (* The average audited annual turnover of three financial years preceding the calendar year in which the post is advertised shall be considered for applying the approved limits)

5. Qualification: The applicant should be an Engineering graduate/Chartered Accountant/Cost Accountant/ graduate with MBA/PGDIM from a leading institute.

6. Experience: 

Applicants should possess cumulative experience/exposure for at least 5 years during the last 10 years in Lignite/Coal/Mining/Power generation Sector at a senior level of management in an organisation of repute.

7. Pay Scale: ((a)Central Public Sector Enterprises Eligible Scale of Pay

(i) Rs. 8250-9250 (IDA) Pre 01/01/1992

(ii) Rs. 11500-13500 (IDA) Post 01/01/1992

(iii) Rs. 23750-28550 (IDA) Post 01/01/1997

(iv) Rs. 62000-80000 (IDA) Post 01/01/2007

(v) Rs. 150000-300000 (IDA) Post 01/01/2017

(vi) Rs. 22400-24500 (CDA) Pre-revised

(vii) Rs. 67000-79000 (CDA) Post 01/01/2006

(viii) Rs. 182200-224100 (Level 15) CDA

The minimum length of service required in the eligible scale will be one year for internal candidates, and two years for others as on the date of vacancy.

(b) (i) Applicants from Central Government / All India Services should be holding a post of the level of Joint Secretary in Government of India or carrying equivalent scale of pay on the date of application

(ii) Applicants from the Armed forces of the Union should be holding a post of the level of Major General in the Army or equivalent rank in Navy/Air Force on the date of application

Applicants from State Public Sector Enterprises/ Private Sector should be working at Board level position or at least a post of the level immediately below the Board level on the date of application.

8. Condition Of Immediate Absorption For Central Government Officers: Central Government Officers, including those of the Armed Forces of the Union and the All India Services, will be eligible for consideration only on immediate absorption basis.

9. Duration Of Appointment: The appointment shall be for a period of five years from the date of joining or upto the date of superannuation or until further orders, whichever is earlier