Coal India Chairman B Sairam became the first CEO. (file photo)
Jagran correspondent, Dhanbad. A major change has been made in the top leadership structure in the country's largest coal producing company Coal India Limited (CIL). The company has decided to abolish the post of Chairman and appoint 'Chief Executive Officer (CEO)'. Necessary information in this regard has been given to the stock exchanges through regulatory filing. Under this decision taken by the Board of Coal India, now the CEO based leadership model has been adopted by redesigning the system of Chairman-cum-Managing Director (CMD) in the company. The board has assigned the additional and formal responsibility of Chief Executive Officer (CEO) to B. Sairam, who was recently appointed as CMD. This appointment is considered to be effective with immediate effect. According to company sources, this change has been made with the aim of making corporate governance more clear, modern and in line with global standards. Now the highest executive head of management at Coal India will be the CEO, who will directly oversee strategic decisions, operations, production targets and future energy plans. The regulatory filing clarified that the separate post of Chairman will no longer exist, and the chairmanship of the board and executive powers will operate under a unified leadership structure. Experts believe that this will speed up the decision process and also ensure accountability. Coal India is already playing an important role in the energy security of the country. In such a situation, adopting a CEO-based model is expected to bring more clarity in the company's decisions related to operations, investment and energy transition. According to market analysts, this step is being considered important in bringing Coal India in line with the functioning of global public enterprises.
Coal India Limited (CIL) is a major public sector undertaking (Maharatna company) of the Government of India operating in the coal sector. It mainly deals with coal mining and coal production. There are many subsidiary companies and joint venture companies under CIL.
Major subsidiaries of Coal India Limited
1. Coal production and mining companies
Eastern Coalfields Limited (ECL)
Bharat Coking Coal Limited (BCCL)
Central Coalfields Limited (CCL)
Western Coalfields Limited (WCL)
South Eastern Coalfields Limited (SECL)
Northern Coalfields Limited (NCL)
Mahanadi Coalfields Limited (MCL)
2. Planning, Design and Technical Services
Central Mine Planning & Design Institute Limited (CMPDIL)
3. Renewable Energy and Green Initiatives
CIL Navi Karniya Urja Limited (CNUL)
CIL Solar PV Limited (CSPL)
4. Coal Gasification and Chemicals
Bharat Coal Gasification and Chemicals Limited (BCGCL)
Coal India African Limited (CIAL)
Joint Venture Companies of Coal India Limited
1. Fertilizer and chemical sector
Hindustan Urvarak & Rasayan Limited (HURL)
Talcher Fertilizers Limited (TFL)
2. Energy and power sector
CIL NTPC Urja Private Limited
Coal Lignite Urja Vikas Private Limited
3. International Coal Project
International Coal Venture Private Limited