Apply for Managing Director Post at HSCL – Eligibility, Dates and Application Process

PESB Recruitment 2025: The Public Enterprises Selection Board (PESB) has released Advertisement No. 50/2025 dated 27 May 2025 inviting applications for the post of Managing Director at Hindustan Steelworks Construction Limited (HSCL), a Schedule ‘B’ CPSE under the Ministry of Housing and Urban Affairs.

Eligible candidates must apply online via the PESB portal by 03:00 PM on 23 June 2025, with nodal officer submissions due by 02 July 2025. Applicants should meet specific age, qualification, experience, and pay scale criteria, with a minimum of five years’ experience in relevant domains. The selected candidate will be appointed for a tenure of five years or until superannuation.

Appointment of Managing Director at Hindustan Steelworks Construction Limited (HSCL)

The Public Enterprises Selection Board (PESB) has invited applications for the position of Managing Director at Hindustan Steelworks Construction Limited (HSCL) through its official Advertisement No. 50/2025. This is a prestigious leadership opportunity for experienced professionals in the infrastructure and construction sector.

In this article, AUBSP provides you a comprehensive, professional, and user-centric overview of the opportunity — covering eligibility, job responsibilities, application process, and deadlines — to help you prepare and apply with confidence. All information is based on the official notification dated 27/05/2025.

Company Profile: HSCL

HSCL is a premier Schedule ‘B’ Central Public Sector Enterprise (CPSE) engaged in Contract & Construction and Technical Consultancy services. Originally set up in 1956 to build integrated steel plants, it is now a diversified infrastructure company with operations in multiple domains, including:

• Steel and Power Plants
• Mining and Irrigation Projects
• Oil Refineries, Railways, and Airports
• Buildings and Commercial Complexes
• Rural Roads and Highways

Ownership Structure:

• NBCC (India) Ltd.: 51% (Holding Company)
• Government of India: 49%

Administrative Ministry: Ministry of Housing and Urban Affairs
Registered Office: Kolkata, West Bengal
Total Employees (as on 31.03.2025): 53 (50 Executives, 3 Non-Executives)
Authorized Share Capital: ₹1619.30 crore
Paid-up Share Capital: ₹70 crore

Job Description and Responsibilities

The Managing Director is the Chief Executive of HSCL and reports to:

1. The Board of Directors of HSCL
2. NBCC (India) Ltd. (Holding Company)
3. Government of India

Key Responsibilities:

• Ensure the effective functioning of the company
• Achieve corporate performance objectives
• Provide strategic leadership and operational oversight

Eligibility Criteria

Age (as on 01.02.2026)

Employment Status

Must be in regular employment (not contractual/ad-hoc) in:

1. CPSEs (including Board-level functional directors)
2. Central Government Group ‘A’ services, including Armed Forces and AIS
3. Public Sector Banks/Financial Institutions/Autonomous Bodies
4. SPSEs or Private Companies with an annual turnover of ₹750 crore or more
   (Preference for listed companies)

Qualifications

Any one of the following from a recognized institution:

• Engineering Graduate
• Chartered Accountant
• Cost Accountant
• Post Graduate
• Graduate with MBA/PGDIM

Experience

At least 5 years of cumulative experience in the last 10 years in:

• Finance
• Business Development
• Operations
• Project Management
• Marketing
  Experience in civil engineering contracts/construction or tech consultancy preferred.

Pay Scale Criteria

Eligible candidates must be in one of the following pay scales:

For CPSEs:

• ₹7250-8250 (IDA) Pre-1992
• ₹9500-11500 (IDA) Post-1992
• ₹20500-26500 (IDA) Post-1997
• ₹51300-73000 (IDA) Post-2007
• ₹120000-280000 (IDA) Post-2017

For Government Officers:

• ₹18400-22400 (CDA) Pre-1996
• ₹37400-67000 + GP 10000 (CDA) Post-2006
• ₹144200-218200 (Level 14) Post-2016

Additional Conditions:

Internal candidates: Minimum 1 year in the eligible pay scale

Other candidates: Minimum 2 years

Application Procedure

All candidates must submit their applications online via https://pesb.gov.in/.

Submission Routes

Required Documents (Private Sector)

1. 3 years’ Annual Reports (URL or copies)
2. Proof of listing (URL or copies)
3. Proof of Board-level position
4. Age and qualification documents (self-attested)
5. Work experience profile

Undertaking and Consequences

All applicants must submit an undertaking to join the post if selected.

If Found Unwilling After Selection

No relaxation will be granted in these cases.

Application Timeline Table

Applications received after the deadlines or incomplete will be rejected.

Selection Process

Shortlisting will be done by the PESB as per its existing guidelines. Only shortlisted candidates will be called for interview.

Correspondence Address

All communications related to this advertisement should be addressed to:

Secretary
Public Enterprises Selection Board
Public Enterprises Bhawan
Block No. 14, CGO Complex
Lodhi Road, New Delhi – 110003

FAQs on HSCL MD Vacancy 2025

What is the official notification date for the HSCL Managing Director vacancy?
The official notification for the HSCL Managing Director vacancy was released on 27 May 2025 by the Public Enterprises Selection Board (PESB).

What is the advertisement number for this recruitment?
The advertisement number is 50/2025.

What is the last date to apply for the Managing Director post at HSCL?
The last date to submit applications online is 03:00 PM on 23 June 2025.

What is the final date for nodal officers to forward applications to PESB?
The final date for nodal officers to forward applications is 05:00 PM on 02 July 2025.

Who is the appointing organization for the Managing Director post?
The appointing authority is the Public Enterprises Selection Board (PESB), Government of India.

What is the tenure of the Managing Director appointment at HSCL?
The appointment is for a period of five years from the date of joining or until the age of superannuation or further orders, whichever is earlier.

Where is the registered and corporate office of HSCL located?
HSCL’s registered and corporate office is located in Kolkata, West Bengal.

What is the shareholding structure of HSCL?
The Government of India holds 49%, and NBCC (India) Ltd. holds 51% of HSCL’s paid-up share capital.

What is the classification of HSCL under CPSE categories?
HSCL is classified as a Schedule ‘B’ Central Public Sector Enterprise (CPSE) in the Contract & Construction and Tech. Consultancy services sector.

What is the age criteria for internal candidates?
Internal candidates must be at least 45 years old and have a minimum of two years of residual service with respect to the superannuation age of 58 years.

What is the age criteria for external candidates?
External candidates must be at least 45 years old and have a minimum of three years of residual service with respect to the superannuation age of 58 years.

What is the required educational qualification for the Managing Director post?
Applicants must be an Engineering Graduate/Chartered Accountant/Cost Accountant/Post Graduate/Graduate with MBA/PGDIM from a recognized institution.

What kind of experience is required for this role?
Candidates should have at least five years of cumulative experience in the last ten years in areas like Finance, Business Development, Operations, Marketing, Project Management, etc., preferably in civil engineering, contract & construction, or tech. consultancy services.

What is the minimum service requirement in the eligible pay scale for internal candidates?
Internal candidates must have completed at least one year in the eligible pay scale as of the date of vacancy (01.02.2026).

What is the minimum service requirement in the eligible pay scale for other candidates?
Other candidates must have completed at least two years in the eligible pay scale as of the date of vacancy (01.02.2026).

Are Central Government officers eligible for this post?
Yes, provided they hold the post of Joint Secretary to the Government of India or equivalent on a substantive basis and are considered only on an immediate absorption basis.

Are officers from the Armed Forces eligible to apply?
Yes, officers at the rank of Major General in the Army or equivalent rank in the Navy or Air Force are eligible, subject to immediate absorption.

Can candidates from Public Sector Banks or Financial Institutions apply?
Yes, if they have held a Board-level position for at least one year on the date of application and are willing to join on an immediate absorption basis.

Are State Public Sector Enterprise candidates eligible?
Yes, if they work at the Board level and the enterprise has an annual turnover of Rs. 750 crore or more.

Are candidates from private sector companies eligible?
Yes, if the company has an annual turnover of Rs. 750 crore or more and the candidate holds a Board-level position.

Will preference be given to candidates from listed companies?
Yes, preference will be given to applicants from listed companies.

How is the turnover of companies assessed for eligibility?
The average audited annual turnover of the three financial years preceding the calendar year of the advertisement is considered.

Where can applicants submit their applications?
Applications must be submitted online through the PESB website: https://pesb.gov.in/.

How should Government officers forward their applications?
Group ‘A’ Central Government officers must apply through their Cadre Controlling Authority.

How should CPSE employees submit their applications?
CMDs/MDs/Functional Directors should apply through the concerned administrative ministry. Below Board-level officers should apply through the concerned CPSE.

What is the process for private sector candidates to apply?
Private sector candidates must submit their applications directly to PESB, along with required supporting documents.

What documents are required from private sector applicants?
Private sector candidates must submit annual reports of their company for the last three financial years, proof of company listing status, evidence of Board-level position, self-attested documents for age and qualification, and a summary of relevant work experience.

Is there an undertaking required from applicants?
Yes, applicants must provide an undertaking to join the post if selected. Failure to do so will result in a two-year debarment from CPSE board-level positions.

What happens if a candidate expresses unwillingness after the interview?
They will be debarred for two years from being considered for any board-level position in a CPSE.

Can an incomplete application be accepted?
No, incomplete applications will be summarily rejected.

Who should correspondence regarding this advertisement be addressed to?
All correspondence should be sent to the Secretary, Public Enterprises Selection Board, Public Enterprises Bhawan, Block No. 14, CGO Complex, Lodhi Road, New Delhi-110003.

Will there be a shortlisting process for the interview?
Yes, PESB reserves the right to shortlist candidates for interview based on its guidelines.

What is the source of authenticity for this recruitment notification?
The notification is officially published by the Public Enterprises Selection Board and can be verified through the PESB website. It is also covered by AUBSP, enhancing its credibility.

This opening for the Managing Director of HSCL offers a significant opportunity for visionary leaders in infrastructure and construction sectors. If you meet the eligibility conditions and have the leadership drive to steer a legacy CPSE forward, AUBSP encourages you to apply promptly.

Stay tuned with AUBSP.com for more authoritative updates on government job opportunities and official public sector notifications.