New Delhi — The Public Enterprises Selection Board (PESB), operating under the Department of Personnel & Training (DoPT), has officially recommended Jahangeer Alam Ansari for the post of Director (Finance) at Goa Shipyard Limited (GSL). The recommendation was made during the 65th PESB meeting held today at the Board’s office in New Delhi.
Selection Process and Candidate Profile
Mr. Ansari currently serves as Chief General Manager (Finance) at Indian Oil Corporation Limited (IOCL) and was selected following a rigorous interview process involving ten senior executives from prominent public sector undertakings. The other shortlisted candidates hailed from leading PSUs including NTPC Green Energy, Hindustan Aeronautics Limited (HAL), Mazagon Dock Shipbuilders, Nuclear Power Corporation of India Limited (NPCIL), MRPL, and Kamarajar Port.
The recommendation underscores the government’s emphasis on strong financial acumen and leadership in PSUs operating in strategic sectors such as defence manufacturing.
Significance of the Appointment
As the new Director (Finance), Mr. Ansari is expected to spearhead initiatives aimed at strengthening financial management, operational transparency, and cost efficiency within GSL. His extensive experience at IOCL—a PSU known for its strong financial governance—positions him well to navigate the complexities of defence sector financing and large-scale project budgeting.
His appointment comes at a pivotal moment as GSL expands its project portfolio, including high-profile contracts like the construction of Advanced Frigates for the Indian Navy and offshore support vessels for international clients.
Looking Ahead
Following the official notification and requisite government clearances, Jahangeer Alam Ansari will assume office and work closely with the board to drive GSL’s strategic financial objectives, ensuring alignment with the government’s vision of enhancing indigenous defence manufacturing and self-reliance.
About Goa Shipyard Limited
GSL is a Schedule B Defence Public Sector Undertaking under the Ministry of Defence, specializing in shipbuilding, marine engineering, and refitting services. Headquartered in Vasco da Gama, Goa, the company plays a critical role in enhancing India’s naval capabilities through the construction of advanced warships, offshore patrol vessels, and support vessels.
In the fiscal year 2023-24, GSL reported a remarkable surge in financial performance, posting over ₹1,750 crore in revenue and a profit after tax of ₹271 crore, reflecting a nearly 78% growth in pre-tax profits and a robust order book fueled by defence contracts and international projects.
