Public Enterprises Selection Board (PESB) has recommended the name of P M Prasad, current Chairman-cum-Managing Director (CMD) of Central Coalfields Limited (CCL), for the post of Chairman at Coal India Limited (CIL). This announcement was made on Wednesday after Prasad and six other candidates were interviewed for the position.
Prasad has an impressive background in the mining industry, with over four decades of experience in various senior positions. He started his career in 1984 as an executive trainee at Western Coalfields Limited (WCL), a subsidiary of CIL. He then worked his way up to become General Manager of the Lingaraj area under Mahanadi Coalfields Limited (MCL) and later joined NTPC as Executive Director (Coal mining) in 2015. In 2018, he became Director Technical (P&P) at Northern Coalfields Limited (NCL) and was appointed CMD of Bharat Coking Coal Limited (BCCL) in August 2019. He has been serving as CMD of CCL since September 2020.
Prasad’s wealth of knowledge and skills in the mining industry makes him a perfect fit for the position of CIL Chairman. He has led CCL to new heights during his tenure as CMD, and the company achieved its highest-ever production, shipment, and OBR in the fiscal year 22-23. He has also launched a number of activities aimed at the holistic development of stakeholders, demonstrating his commitment to sustainable development.
Prasad’s impressive track record speaks volumes about his ability to drive growth and innovation in the mining sector. Under his leadership, NCL was recognized for exceptional environmental conservation activities at the World Environmental Conference in June 2018. He is expected to bring this same level of excellence and dedication to his new role as CIL Chairman.
As India’s largest coal-producing company, CIL plays a crucial role in the country’s energy security. With Prasad at the helm, the company is poised to reach new heights of success and contribute even more to India’s growth and development. The recommendation of Prasad’s name by PESB has been welcomed by the industry and is seen as a positive step towards ensuring the long-term growth and success of CIL.