State-owned lender Power Finance Corporation has announced that Rajeev Sharma has taken over as the new Chairman and Managing Director of the company with effect from October 01, 2016.
Rajeev Sharma has been appointed as Chairman and Managing Director (CMD) of Power Finance Corporation (PFC), a Navratna Public Sector Undertaking. Sharma is presently CMD of Rural Electrification Corporation Ltd.
Will the black magic work again
Sample this. Coal India, the much-reviled public sector coal behemoth, produced 462 mt of coal last year, with all the much-publicised legacy problems that it faces. The top seven global (private sector) mining giants together produced around 700 mt of coal last year (see Coal output by global players). And all of India´s private players produced a mere 50 mt of coal in 2014.
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