Coal India requries Chairman and Managing Director

Coal india images

No. 6/ 16 /2014-PESB
Government of India
Public Enterprises Selection Board

(Department of Personnel and Training)
Block No.14, C.G.O. Complex, Lodhi Road
New Delhi – 110003
NAME OF THE PSU : COAL INDIA LIMITED (CIL)
NAME OF THE POST::CHAIRMAN AND MANAGING DIRECTOR
DATE OF VACANCY: 26-06-2014
SCHEDULE OF THE CPSE: ‘A’
पद का वेतनमान:SCALE OF THE POST: Rs. 80,000—1,25,000/- (Revised )

1. COMPANY PROFILE
Coal Mines Authority was incorporated in 1973 under Coal Mines(Nationalization) Act and subsequently merged with Bharat Coking Coal Limited in 1975 and renamed as Coal India Limited. The main objectives of CIL are to produce, sell and carry on exploration and business of coal mining efficiently, economically with due regard to
environment, social obligation and quality of production. CIL is a schedule ‘A’ PSE in Coal and Lignite sector under the administrative control of Ministry of
Coal .

Coal India Limited is the single largest producer of coal in the world having 8 Indian subsidiaries and 1 overseas subsidiary in Mozambique. The company operates 429 mines including 237 underground mines spread over 8 States in India. It is a Maharatna company with a net worth of Rs.42, 391.86 Cr. The average market capitalization for August 2014 was Rs.2, 27,401 Cr.

Mission of the company is to produce and market the planned quantity of coal products efficiently and economically in an eco-friendly manner with due regard to safety, conservation and quality.

Vision of the company is to emerge as one of the global players in the primary energy sector committed to provide energy security to the country by attaining environmentally & socially sustainable growth through best practices from mine to market.

The company produced 462.42 million tonnes of coal during 2013-14 and has set a target of doubling the production to 1 billion tonnes by 2018-19. As per the report of the Working Group set up by the Planning Commission, capital expenditure envisaged for the company during the XII Plan period is Rs.25,400 Cr and another Rs.35,000 Cr for acquisition of foreign coal assets as well as for development of coal assets acquired in Mozambique.

Its Registered and Corporate offices are at Kolkata, West Bengal. The authorised and paid up capital of the Company is Rs.8904.18 Crore (including preference capital of Rs.904.18 Crore) and Rs. 6316.36 crore respectively as on 31st March, 2014.

Holding by the Government of India is 89.65%

 

2. JOB DESCRIPTION AND RESPONSIBILITIES Chairman and Managing Director is the Chief Executive of the company and is accountable to the Board of Directors and Government of India. He is responsible for the efficient functioning of the company and for achieving its

corporate objectives and performance parameters.

3. ELIGIBILITY
I. AGE: On the date of occurrence of vacancy: Minimum 45 years and maximum 58 years for internal candidates, and 57 years for others. The age of superannuation is 60 years.

II. QUALIFICATION AND EXPERIENCE:
The applicant should be a graduate with good academic record from a recognised university/institution possessing adequate experience at a senior level of management. Persons with BE/B.Tech/B Sc (Engineering)/MBA/CA/ICWA qualifications and having experience in Finance, Marketing/Production will have added advantage.

Knowledge of Coal/Mining Industry is desirable.III. PAY SCALE/TURNOVER:
(a) Central Public Sector Executives.
Executives holding posts in the pay scale of:
(i) Rs.8250-9250/-(pre 1.1.1992 scale)
(ii) Rs.11500-13500/-(post 1.1.1992 scale)
(iii) Rs.23750-28850/- (post 1.1.1997 scale)
(iv) Rs.62000-80000/- (post 1.1.2007 scale

With industrial DA
Or
(v) Rs.22400-24500 (pre-revised)
(vi) Rs.67000-79000/- (post 1.1.2006 scales)
With CDA

The minimum length of service required in the eligible scale will be one year for internal candidates, and two years for others as on the date of vacancy.

(b) State Public Sector Executives

CMD/ MD/ Chief Executive working in companies whose average annual turnover during the last three financial years (2011-12, 2012-13 and 2013-14) was atleast Rs.5000 crores.

(c) Private Sector Executives
Private Sector Executives must be working as:
(i) Whole time Director/President/CEO in a listed company whose average annual turnover during the last three financial years (2011-12, 2012-13 and 2013-14) was atleast Rs. 5000 crores.

Whole time Director/President/CEO in an unlisted company whose average annual turnover in the last three financial years (2011-12, 2012-13 and 2013-14) was atleast Rs. 5000 crores and the average annual turnover of the Group company in the above mentioned last three financial years was atleast Rs. 10000 crores, and the holding company or atleast one of the subsidiaries of the Group is listed on a Stock Exchange.

(d) Government Officers
Government officers of the level of Additional Secretary in Govt. of India or on equivalent scale of pay or Lieutenant General in the Army or equivalent rank in Navy/Air Force, on the date of application will be eligible for consideration on immediate absorption basis.

4. DURATION OF APPOINTMENT
The appointment shall be for a period of five years or upto the date of superannuation, whichever is earlier.

5. SUBMISSION OF APPLICATIONS
Prospective candidates from the Central Public Sector and Government officers shall send their applications, through proper channel, in the format at
Annexure I.

For more information-Click Here

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