P M Prasad, the current Chairman-cum-Managing Director of Central Coalfields Limited (CCL), has been appointed as the Chairman-cum-Managing Director of Coal India Limited (CIL), a Schedule ‘A’ Central Public Sector Enterprise (CPSE). This article explores Prasad’s appointment, his experience in the coal mining sector, and the history and formation of Coal India Limited.
A Successful Leadership at Central Coalfields Limited
Prasad’s appointment as the Chairman-cum-Managing Director of Coal India Limited comes after his successful tenure at Central Coalfields Limited. As the head of CCL, a subsidiary of Coal India located in Jharkhand, Prasad led the company to achieve its production targets in the fiscal year 2022-23. With over 30 years of experience in the coal mining sector, Prasad brings valuable expertise to his new role.
Professional Background and Expertise
P M Prasad holds a post-graduate degree in mining engineering from the Indian School of Mines, IIT Dhanbad. His career in Coal India began in 1984 as a management trainee at Western Coalfields Limited. Over the years, he has held various positions within different subsidiaries of Coal India. Additionally, Prasad served as the Executive Director (coal mining) at NTPC (National Thermal Power Corporation) for three years.
Taking Over from Pramod Agrawal
Prasad assumes the position of Chairman-cum-Managing Director of Coal India Limited following the retirement of Pramod Agrawal. Agrawal reached the age of superannuation on June 30th, leading to the vacancy that Prasad now fills. With his extensive experience and knowledge in the coal mining industry, Prasad is well-equipped to take on the responsibilities of this crucial role.
History and Formation of Coal India Limited
Coal India Limited has a rich history that dates back to the early years of Indian independence. In 1951, the Working Party for the coal industry was established, consisting of representatives from the coal industry, labor unions, and the government. The working party recommended the amalgamation of small and fragmented coal-producing units, leading to the inception of a nationalized unified coal sector.
The formation of Coal India Limited took place in the 1970s as part of the government’s national energy policy. In 1971, the Coking Coal Mines (Emergency Provisions) Act was passed, granting the government control over all coking coal mines, except for captive mines. These mines were nationalized in 1972, giving rise to Bharat Coking Coal Limited. Subsequently, in 1973, the management of non-coking coal mines was taken over by the central government, leading to their nationalization and the formation of Coal Mines Authority Limited (CMAL).
In November 1975, a formal holding company called Coal India Limited was established to manage both Bharat Coking Coal Limited and Coal Mines Authority Limited. Since then, Coal India Limited has played a pivotal role in the coal mining industry in India.
P M Prasad’s appointment as Chairman-cum-Managing Director of Coal India Limited marks a significant milestone in his career. With his wealth of experience and leadership skills, Prasad is poised to guide the company toward further growth and success in the coal mining sector.
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