HMT Limited announced the appointment of Arti Bhatnagar as Government Nominee Director on the company’s Board, with effect from February 14, 2023.
According to the company’s exchange filing, “Pursuant to communication received from Ministry of Heavy Industries & approval of the Board of Directors of the HMT Limited, Ms. Arti Bhatnagar, Additional Secretary & Financial Adviser (AS&FA), Ministry of Heavy Industries (MHI), has been appointed as Government Nominee Director on the Board of HMT Limited w.e.f. 14.02.2023 in place of Shri. Shashank Priya, who ceased to be Director on the Board of HMT Limited w.e.f. 14.02.2023.”
Arti Bhatnagar is a Civil Servant of the Indian Defence Accounts Service of the 1990 batch. She is presently working as Additional Secretary & Financial Adviser, Ministry of Commerce & Industry, Ministry of Heavy Industry and Ministry of MSME.
Bhatnagar has a post graduate degree in Economics and M. Phil in Defence Strategic Studies from Madras University. Bhatnagar is an alumni of the National Defence College.
With about 25 years of experience in dealing with Finance, Accounts and Audit of the Defence Forces, her expertise is in handling defence acquisition and procurement contracts. Bhatnagar has worked as Joint Secretary (Security), Cabinet Secretariat handling SPG for five years. She has also worked as a Chief Vigilance Officer for Air India, Pawan Hans Ltd. and Airport Authority of India, the statement said.
HMT Limited, formerly Hindustan Machine Tools Limited, is an Indian state-owned manufacturing company under the control of the Ministry of Heavy Industries and ownership of Government of India. It was founded in 1953 as a machine tool manufacturing company, diversifying into watches, tractors, printing machinery, metal forming presses, die casting and plastic processing machinery, and CNC systems and bearings. HMT is headquartered at Bangalore.
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