State-owned NMDC on Wednesday said the Steel Ministry has extended the term of Bharathi S Sihag as CMD of the iron ore company for three more months with effect from July 1. Sihag, Additional Secretary and Financial Adviser to the Steel Ministry, was given additional charge of NMDC CMD from January 1 after the previous chief of the country's largest iron ore miner Narendra Kothari retired on December 31, 2015.
“The additional charge of the post of chairman-cum-managing director, NMDC ltd is assigned to Bharathi S Sihag, Additional Secretary and Financial Adviser, Ministry of Steel for a further period of 3 months with effect from July 1, 2016, or till the appointment of a regular incumbent to the post, or until further orders, whichever is the earliest,” NMDC said. The Government’s headhunter PSEB has already initiated the process for appointing Chairman and Managing Director for NMDC.