Candidates must be a qualified Chartered Accountant (CA) or Cost Accountant (ICWA/CMA) with a minimum of 25 years of work experience in a power utility. Candidates must have at least 1 year of senior finance/accounts experience at the rank of Chief Engineer (CE) / General Manager (GM) Accounts, OR 5 years experience as Chief Accounts Officer (CAO) in a company with an annual turnover of at least Rs. 500 Crore. Candidates from the private sector must have worked at Board level or one level below Board level.
Contractual / RegularSep. 15, 2026
PSTCL Punjab Recruitment 2026 – Apply for Director (Finance & Commercial) Post (HAG Scale)
Sourced from Official Government PDFVerified Government Notification • Sourced from Official PDF Notification
Sep. 15, 2026Director/Finance & Commercial
★
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Quick Recruitment Snapshot
Key recruitment parameters at a glance before you apply
Vacancies
01 Post
Pay Scale
Rs. 1,82,200 - 2,24,100/- (HAG Scale)
Age Limit
Minimum 50 Years (Superannuation up to 65 Years)
Job Location
Crucial Recruitment Dates
Official schedule & key deadlines
Published
Aug 17, 2026
2
Starts
Aug 17, 2026
3
Deadline
Sep 17, 2026
4
Exam Date
TBA
Application Window17 Aug – 17 Sep 2026
Exam / Test DateTo Be Announced
Eligibility Criteria & Educational Qualifications
Who is eligible to apply for this recruitment? Check essential educational qualifications, branch/stream criteria, and age limits.
Educational Qualification
Age Limit & Relaxations
The candidate must be a minimum of 50 years of age at the time of appointment. The tenure of Director is initially for two years (extendable up to five years), but no Director shall continue in service beyond the age of 65 years.
Selection Procedure & Screening Stages
Verified Official SourceMulti-stage interview and rubric-based evaluation procedure.
Eligibility Screening & Scrutiny of Service Dossier / ACRs
Scrutiny by Search CommitteeQualifying Only
Personal Interview before High-Powered Selection Committee
In-Person Board InterviewMerit Scored
The selection is conducted by the Search-cum-Selection Committee constituted by the Government of Punjab, Department of Power. Applications received through proper channel / direct submission are scrutinized against eligibility, track record, annual turnover criteria, and ACRs of the last 10 years. Shortlisted candidates are invited for an in-person interaction / interview before the Selection Board.
Selection Criteria & Marking Scheme
Verified Official SourceOfficial weightage breakdown, qualification scoring, and interview evaluation criteria.
| Evaluation Parameter / Component | Max Marks / Weightage | Assessment Criteria & Guidelines |
|---|---|---|
| Power Utility Finance & Accounts Leadership | - | Minimum 25 years in power utility operations, with demonstrated leadership as GM/CE Accounts or CAO managing large balance sheets (turnover not less than Rs. 500 Cr). |
| Regulatory Acumen & Commercial Matters | - | Experience in tariff determination, Multi-Year Tariff (MYT) filing before State Electricity Regulatory Commissions (PSERC/CERC), Power Purchase Agreements, and inter-state open access accounting. |
| Corporate Governance & Statutory Compliance | - | Thorough understanding of Companies Act 2013, secretarial standards, statutory and internal auditing, risk management, and Ind AS accounting standards. |
| Search-cum-Selection Committee Interview & Vision Presentation | 100 Marks | Personal interaction evaluating vision for grid CAPEX funding, debt restructuring, financial viability of PSTCL, and leadership presence before the Government of Punjab panel. |
Aspirant Ground Reality & Career Trajectory
Verified Official SourcePractical service rules, posting locations, transfer policy, and promotion ladder curated from official gazettes.
Work Culture & Environment
Office/fieldwork balance, duties, organizational environment.
Punjab State Transmission Corporation Limited (PSTCL), based in Patiala, operates as the State Transmission Utility (STU) responsible for transmission infrastructure across Punjab. As a full-time functional Director on the Board of Directors, the Director (Finance & Commercial) reports to the Chairman-cum-Managing Director (CMD) and works closely with the Punjab Department of Power, Punjab State Electricity Regulatory Commission (PSERC), and sister utility PSPCL. Responsibilities encompass state-wide transmission tariff filings, multi-year tariff (MYT) petitions, long-term capital expenditure debt raising, commercial settlement of transmission charges, managing power evacuation agreements for renewable energy, and overseeing statutory audits and board governance. The work environment requires seasoned strategic financial leadership under public scrutiny and stringent regulatory deadlines.
Posting & Transfer Policy
Initial posting criteria, zone preferences, transfer liability.
Headquarters at PSTCL Head Office, The Mall, Patiala, Punjab. Initial appointment is for 2 years, extendable up to a maximum of 5 years subject to performance and state government policy. Retirement/superannuation occurs strictly upon reaching 65 years of age.
Career & Promotion Ladder
Promotion timeline, seniority ladder, pay grade scaling.
Top-level Board of Directors appointment in the Higher Administrative Grade (HAG Scale: Rs. 1,82,200 - 2,24,100/-). As the apex executive role in Finance & Commercial within PSTCL, advancement entails potential consideration for Chairman-cum-Managing Director (CMD) of state power utilities or key advisory roles within state/central power regulatory authorities.
Crucial Application Warnings & Eligibility Traps
Avoid common application rejection triggers, photo/signature guidelines, and certificate validity windows.
- Hard Copy Physical Submission Required: Applications must be sent by Registered Post or delivered in person to the Department of Power in Chandigarh by 17.09.2026 (5:00 PM); email applications are not accepted.
- Strict Turnover & Board Level Thresholds for Private Candidates: Private sector applicants must provide concrete documentation (audited annual accounts / URLs) showing company turnover >= Rs. 500 Crore and proof of working at Board level or one level below Board level.
- 25-Year Power Utility Experience Mandate: The minimum 25-year service requirement in a power utility is strictly non-negotiable.
- ACRs and Vigilance Clearance: Serving public sector/government officers must obtain proper channel endorsement with 10-year ACR gradings and integrity certificates.
- Companies Act Section 164 Declaration: Applicants must formally sign the declaration stating they are not disqualified to act as a Director under Section 164 of the Companies Act, 2013.
Category-Wise Vacancy Breakdown & Pay Scale
Detailed post distribution across UR, OBC, EWS, SC, ST quotas and 7th CPC Pay Matrix / Monthly Stipend.
Category-Wise Vacancy Distribution
- UR1
Total Vacancies01 Post
Pay Scale & Monthly Remuneration
Higher Administrative Grade (HAG) Scale of Rs. 1,82,200 - 2,24,100/- with allowances as per Government of Punjab / PSTCL norms.
Appointed in the Higher Administrative Grade (HAG) Scale of Rs. 1,82,200 - 2,24,100/- plus admissible allowances. Appointment is initially for a period of two (2) years, extendable up to a maximum tenure of five (5) years, subject to superannuation at 65 years.
How to Apply Online Step-by-Step?
Follow this verified step-by-step application procedure on the official recruitment portal.
Application Procedure
- Download and print the official application proforma attached with the notification.
- Neatly type the application in English, attach proof of date of birth, educational/professional qualifications (CA/ICWA certificates), complete 25-year service record, and No Objection Certificate (NOC) from current employer.
- For CPSE/Central/State Government/SPSE officers: Route the application through proper channel and ensure ACRs/APARs for the last 10 years along with vigilance clearance are forwarded.
- For Private Sector candidates: Enclose audited annual reports or accessible URLs for the last 3 financial years verifying annual turnover of at least Rs. 500 Crore, along with proof of Board level or one level below Board position and stock exchange listing (if applicable).
- Sign the declaration under Section 164 of the Indian Companies Act, 2013.
- Enclose all documents in an envelope subscribed with 'APPLICATION FOR THE POST OF DIRECTOR/FINANCE & COMMERCIAL, PSTCL'.
- Submit by Registered Post or in person to: Office of the Superintendent (Energy Branch), Department of Power, Government of Punjab, Room No. 315, 3rd Floor, Punjab Civil Secretariat-2, Sector-9, Chandigarh - 160009 latest by 17.09.2026 upto 5:00 PM.
Application Fee & Category Concessions
No application fee is required for this board-level post.
Official Notification & Portal Verification
Direct links to the authorized government portal, official notification PDF, and career portal.
Verified Official Domain
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Jobs by Qualifications & States
Crucial Recruitment Dates
Official schedule & key deadlines
Published
Aug 17, 2026
2
Starts
Aug 17, 2026
3
Deadline
Sep 17, 2026
4
Exam Date
TBA
Application Window17 Aug – 17 Sep 2026
Exam / Test DateTo Be Announced
PS
Punjab State Transmission Corporation Limited
Selection Procedure & Screening Stages
Verified Official SourceMulti-stage interview and rubric-based evaluation procedure.
Eligibility Screening & Scrutiny of Service Dossier / ACRs
Scrutiny by Search CommitteeQualifying Only
Personal Interview before High-Powered Selection Committee
In-Person Board InterviewMerit Scored
The selection is conducted by the Search-cum-Selection Committee constituted by the Government of Punjab, Department of Power. Applications received through proper channel / direct submission are scrutinized against eligibility, track record, annual turnover criteria, and ACRs of the last 10 years. Shortlisted candidates are invited for an in-person interaction / interview before the Selection Board.
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Frequently Asked Questions & Crucial Aspirant Queries
5 Queries ResolvedClear, verified answers to top eligibility, exam format, salary calculation, and application queries for this notification.
The post is placed in the Higher Administrative Grade (HAG) Scale of Rs. 1,82,200 - 2,24,100/- with allowances as admissible under Government of Punjab / PSTCL norms.
Sarkari Job Khojo is an independent information service and job discovery platform. All recruitment insights, syllabi, previous year exam cutoffs, and selection stages are compiled from official government notifications, gazettes, and recruitment portals. We are not affiliated with, authorized by, or an official representative of any government agency or recruitment board. Always verify details in the official advertisement PDF before applying.