Wednesday, February 17, 2016

Coal India on hiring spree; to recruit 1,000 employees in 2016

MAHARATNA PSU Coal India Limited will hire 1,000 people in different streams this year to bolster its workforce, as the Maharatna firm eyes one billion tonne output by 2020.
“In this calendar year, we would hire 1,000 people including executives and management trainees,” an official was quoted as saying.
The hiring would be in various divisions including finance, marketing and sales.
Coal India (CIL), which accounts for over 80 per cent of the domestic coal production, has a workforce of over 300,000. Boosted by the output growth of 9 per cent by CIL, the...
government had earlier asked the world’s largest coal miner to ensure that it meets the target of 550 million tonnes (MTs) output for the current fiscal. The company had missed the production target for 2014-15 by 3 per cent, recording an output of 494.23 MT. The government has set one billion tonne production goal for the company by 2020.
Coal India Limited (CIL) as an organized state owned coal mining corporate came into being in November 1975 with the government taking over private coal mines. With a modest production of 79 MTs at the year of its inception, CIL today is the single largest coal producer in the world. Operating through 81 mining areas CIL is an apex body with seven wholly-owned coal producing subsidiaries and one mine planning and consultancy company spread over eight states. CIL also fully owns a mining company in Mozambique christened as 'Coal India Africana Limitada'. CIL also manages 200 other establishments like workshops, hospitals etc. The Maharatna PSU also owns 26 technical and management training institutes and 102 Vocational Training Institutes Centres.
The PSU posted 10.7 percent growth in its coal supplies during the quarter ending December 2015 of the fiscal 2015-16. CIL as a whole supplied 137.90 MTs of coal to its customers during October-December 2015, up by 13.33 MTs, compared to 124.57 MTs during the same quarter of the last fiscal.
CIL continued its high growth path in coal supplies for the nine month period of April-December 2015 also registering 9.8 percent growth on a year-on-year comparison. 

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