Shipping Corporation of India chairman P K Srivastava is likely to get a six-month extension to his tenure at the helm of the country's largest shipping company. Srivastava, whose five-year term as chairman of the SCI had expired in July this year, was earlier granted a three month extension till October.
The ministry of shipping is expected to take a final decision over the next couple of days.
Srivastava is 56 and the retirement age for the top post in the state-owned SCI is 60 years.
The company has been doing well in the past few years and is expected to be targeted for disinvestment during the next fiscal. For the quarter ended June 30, 2001, SCI had earned a net profit of Rs 111.71 crore.