Sachin Dighde Set To Be Next Director (Defence Business) of BEML

The appointment of Dighde, who currently holds the post of Chief Rolling Stock Engineer, Railways, will be subject to requisite clearances, including vigilance and the ratification of the Appointments Committee of the Cabinet (ACC) chaired by Prime Minister Modi. 

The BEML was established in May 1964 as a PSU for the manufacture of rail coaches, spare parts and mining equipment at its Bangalore Complex. It is a Schedule ‘A’ Company under Ministry of Defence, Government of India, which playing a pivotal role in serving India’s core sectors like Defence, Rail, Power, Mining and Infrastructure.

The company started with a modest turnover of Rs 5 crore and today, due to its diverse business portfolio, it has been able to achieve a turnover of more than Rs 4,300 crore, according to its official website.

The company is listed on both Exchanges (BSE & NSE) with the Government of India owning 54.03 per cent, while the remaining 44.97 per cent is held by Financial Institutions, Foreign Institutional Investors, Banks, Public and Employees.

Meanwhile, Palash Srivastava has been appointed as Deputy Managing Director (DMD) of India Infrastructure Finance Company Limited (IIFCL) for a period of three years, according to a government order. 

Srivastava has over 28 years of experience in infrastructure transaction advisory/investment (debt, equity, and funds), public-private partnerships in infrastructure, management consulting, and fund raising, capacity building and training in the country.

He currently serves as the Chief Executive Officer of IIFCL Projects Ltd, a subsidiary of IIFCL specialising in advisory and debt syndication.

In two other similar developments, the PESB has advertised to fill the post of the Chairman in the Oil & Natural Gas Corporation Limited (ONGC) and the post of the Chairman & Managing Director in National Hydroelectric Power Corporation (NHPC) Limited. Both the companies are Schedule ‘A’ Central PSUs. 

At ONGC, the post will fall vacant after superannuation of Arun Kumar Singh on June 30, 2025 and the PESB has sought applications from experienced candidates fulfilling the eligibility for the post by April 1, 2025.

Similarly, in the NHPC, the post of CMD will fall vacant on July 1, 2025, after superannuation of Raj Kumar Chaudhary on June 30, 2025. The PESB has sought applications from experienced candidates fulfilling the prescribed eligibility for the post by April 1, 2025.