Am I the only one who finds it strange that Mr NK Nanda, Technical Director at NMDC, has had his contract extended for the 8th time?
Nanda had served his 5 years on the board of NMDC and should have stood down, but the Steel Ministry of India granted him a stay of execution.
I checked his dates of extension with ECT anns, and it makes some interesting dot-joining. The 18th May, is Nanda's most recently scheduled departure date. Could there be an announcement before he goes?
All imho,
Oh, and BTW, Nanda is the top dog at Perth-based Legacy iron Ore. Not that that means anything....probably never even been to Australia.
DYR
http://www.moneycontrol.com/stocks/reports/nmdc-limited-951549.html
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