The world’s largest coal miner and Maharatna PSU, Coal India Limited, which accounts for nearly 80 percent of domestic coal production, has approved the creation of a board level post, Director of Business Development in the PSU and its subsidiaries. Experts say that, this is to sustain and progress in a rapidly changing business scenario. Earlier, It was increasingly being felt at the Coal India Limited Board level that, to cater to futuristic business models, there is a need for an additional board level post that can drive the company’s future business, increase its revenue, identify and develop new business opportunities, build and expand the presence of the company both locally as well as in the global markets.
This new position, Director of Business Development, will cater to all this and also enhance CIL’s global business prospects by performing strategic roles.
At present, there are five Board level posts in CIL including CMD, who heads the company and is assisted by four other functional directors namely Director (Technical), Director (Personnel and Industrial Relations), Director (Finance) and Director (Marketing). So, the new post, Director- Business Development , will be the fifth functional director to assist the CMD.
In addition, CIL board consists of two government nominee directors and seven independent director posts, out of which, five posts in the process of getting filled by the Government of India.
