The Hindu Business Line : Hajara set to become new CMD of SCI

MR Sabyasachi Hajara, currently the Director in-charge of Personnel and Administration with the State-owned Shipping Corporation of India (SCI), is tipped to become the new Chairman and Managing Director of the company.

Mr Hajara will succeed Mr P.K. Srivastava whose second term as the CMD of the company is set to expire in August. The Public Enterprises Selection Board has recommended Mr Hajara as the new CMD of the largest domestic shipping company from a short list of five candidates, Government sources said. The interview for the post was held in Delhi on February 8.

Mr Hajara has emerged as the dark horse, pipping other strong contenders such as Mr S.S. Rangnekar, currently Director in charge of Liner and Passenger Services and acting Director (Finance), SCI, as well as Mr R.R. Sinha, a Maharashtra cadre IAS officer who had earlier served as Deputy Chairman, Mumbai Port Trust.

During the selection process for the new CMD, the Shipping Ministry had argued for an internal candidate to be chosen as the new chief executive of the company. A section of the PESB, however, favoured the candidature of Mr R.R. Sinha, the sources said.

Mr Hajara, an MBA, joined the company as a junior officer in 1973, being one of the direct campus recruits from IIM, Calcutta when SCI was headed by Sir C.P. Srivastava (father-in-law of the current CMD). He became a Director on the board of the company in 2001 and has about eight years left in service.

Mr Hajara is credited with SCI's foray into the highly lucrative liquefied natural gas (LNG) shipping business, where it has won a 25-year contract in consortium with Japanese shipping firms Mitsui O.S.K.Lines-NYK Line-K Line to haul LNG from Qatar to Dahej in Gujarat for Petronet LNG Ltd .

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