Polavarapu Mallikharjuna Prasad, who has been recommended by the Public Enterprises Selection Board (PSEB) to head Coal India (CIL), is a mining veteran with more than three decades of experience in operations and management. Prasad will take over at the world’s single largest coal producer and one of the largest corporate employers from serving CMD Pramod Agrawal, who retires on June 30. The mining behemoth has a target of 780 million tonnes (mt) in FY24 including 610 mt to meet India’s power demand. He has also headed Bharat Coking Coal (BCCL) and currently leads Central Coalfields (CCL) — two entities that account for a lion’s share of India’s coking coal output. Coking coal, a key ingredient in steel making, is imported in sizable quantities every year due to low domestic reserves.

Source: The Hindu May 07, 2023 20:33 UTC