New Delhi: The Ministry of Railways has approved the appointment of B. Mugunthan as Director (Finance) of the Dedicated Freight Corridor Corporation of India Ltd. with immediate effect. Mugunthan, born on May 8, 1970, was serving as FA & CAO, Northern Railway prior to this appointment.
The move strengthens DFCCIL’s leadership in financial management and underscores the Government’s focus on placing experienced Indian Railway officers in key strategic roles within public sector undertakings.
Terms of Appointment
Mugunthan’s appointment is on an immediate absorption basis, with an IDA scale pay of ₹1,80,000 – ₹3,40,000 effective from the date he assumes charge. His tenure will continue until May 31, 2030, the date of superannuation, or until further orders.
Alongside this appointment, his resignation from Indian Railways has been accepted, effective from the date he joins DFCCIL. The Ministry has instructed him and the General Manager, Northern Railway, to complete all joining and relieving formalities promptly.
Strategic Importance of the Appointment
The appointment reflects the Government’s emphasis on placing officers with extensive financial and administrative experience in leadership roles to ensure efficient financial operations at DFCCIL.
The notification has been circulated to senior officials of the Railway Board, Department of Personnel & Training, and the Public Enterprises Selection Board (PESB) to ensure smooth administrative procedures.
About DFCCIL
Dedicated Freight Corridor Corporation of India Ltd. is a Central Public Sector Undertaking under the Ministry of Railways responsible for planning, development, and implementation of dedicated freight corridors across India. It plays a crucial role in enhancing freight transport efficiency, reducing logistics costs, and supporting India’s economic growth by modernizing the railway freight network.
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