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Who has taken over (1st July 2023) as the new Chairman and MD of Coal India?
A)
Rahul Anand
B)
Ajay Sinha
C)
PM Prasad
D)
Jitin Prasad

Correct Answer :   PM Prasad


Coal India’s (CIL) newly-appointed chairman and managing director (CMD) PM Prasad on Saturday (1st July 2023), while assuming charge, said that uninterrupted coal supply to the power sector is among the top priorities of the public sector coal mining major, according to a company statement.

* “CIL would achieve the 780 million tonne (MT) output target of FY 2024 with all efforts and means available at its disposal,“ he said, adding that ensuring uninterrupted coal flow to the power sector is another priority area.

* Prior to taking charge as Coal India CMD, he led the Jharkhand based Central Coalfields Ltd, a Coal India, subsidiary, to its production target achievement in FY23.

* He has an over 30-year experience in the coal mining sector, and is a post-graduate in mining engineering from Indian School of Mines IIT Dhanbad. He succeeds Pramod Agrawal who stepped down on 30 June on attaining the age of superannuation.

* Prasad began his CIL career in 1984 as a management trainee at Western Coalfields Limited and served in different capacities across different CIL’s subsidiaries. He also had a three year stint in NTPC as Executive Director (coal mining).

* Meanwhile, Coal India’s production during Q1 FY 2024 shot up to 175.5 million tonne, the highest ever recorded during first quarter of any year, with a near 10% growth. Expansion in volume terms was 15.7 MTs which is significant as it came over a high base of 159.8 MT in similar quarter previous fiscal. Production for the month of June at 58 MT grew by 6.4 MTs posting a double digit growth of 12.4% compared to 51.6 MTs in June 2022..

Source : Mint

Published On : July 4, 2023
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