N. Sridhar to continue as CMD SCCL approval by governing body
Mr. N.Sridhar IAS to continues to be Chairman and Managing Director, Singareni Calories Company Ltd (SCCL). The meeting of the Governing General Body of the organization unanimously approved the reinstatement. Singareni Calories Company 99th Annual General Body Meeting was held today at Kottagudem Corporate Office. To this extent the meeting unanimously decided.
The General Body meeting today approved by a majority the decision taken at a previous meeting of the Singareni Board of Directors to continue Mr. N Sridhar in the same capacity as the C&MD of Singareni until further orders from the Government. Also, Mr. D. Satyanarayana Rao will be the Director (E&M) from September 2020. The Annual General Body Meeting approved their appointment. The General Body also approved the decision of the Board on the payment of salaries of the Chairman and Directors.
The meeting also approved the decision of the previous Board of Directors to retain Mr. Ramakrishna Rao from the state government and Mr. RR Mishra, Mr Ajitesh Kumar and Mr. Sandeep Kumar Sultania from the Union Coal Ministry as board members.
The annual meeting approved the annual accounts that achieved clean chit in the audit for the 2019-20 financial year. The board also approved a proposal to pay a 10 per cent dividend to the central and state governments for the 2019-20 financial year.
Mr. G. Ellayya, Assistant Secretary, Department of Energy on behalf of the State Government, Mr. Alka Shekhar, Under Secretary, Union Ministry of Coal from the Central Government, Mr. S. Chandrasekhar, Director (Operations and PA), Singareni, Mr. N. Balaram, Director (Finance and P&P), Director (E&M) Mr. D. Satyanarayana Rao and Company Secretary Mrs Sunita Devi also participated.