Nars­ing Rao to Quit Coal In­dia, to Be­come KCR’s Chief Ad­viser

Rao may re­sign be­tween May 24 & 26 and take over the new post on June 2

The Economic Times - - Companies - DEBJOY SEN­GUPTA

Coal In­dia chair­man S Nars­ing Rao has de­cided to re­sign from the staterun mi­nor to be­come the chief ad­viser to K Chan­drasekhar Rao, who is set to be­come the first CM of Te­lan­gana. Nars­ing Rao is ex­pected to re­sign be­tween May 24 and 26 and take over the new post on June 2. Con­firm­ing the de­vel­op­ment, Rao told ET that he would be join­ing the govern­ment of the new state at a semi-po­lit­i­cal post, and was slated to put in his pa­pers at Coal In­dia soon. The govern­ment will be formed on June 2, and Rao wants to join the state from the very be­gin­ning.

Ac­cord­ing to rules, a chair­man needs to pro­vide three months be­fore he leaves. How­ever, Rao hopes him to be re­lieved sooner as the post he is to take over is also an im­por­tant one, said people with knowl­edge of the mat­ter. This would make Coal In­dia, the com­pany which has the re­spon­si­bil­ity of meet­ing the na­tion’s coal de­mand, head­less at a time when the cen­tral govern­ment is chang­ing. At present, the se­nior most di­rec­tor at CIL is R Mo­han Das, who is di­rec­tor-per­sonal. How­ever, the se­nior most di­rec­tors have not al­ways been ap­pointed as act­ing chair­man by the govern­ment un­til it finds a per­ma­nent re­place­ment. “It could be ei­ther him or some­one at the sec­re­tary level from the coal min­istry,” a se­nior com­pany of­fi­cial said.

The se­lec­tion of CIL chair­man is done by the Pub­lic En­ter­prises Se­lec­tion Board. It takes at least 4-5 months to scout for and ap­point a new chair­man. “Rao’s emo­tional at­tach­ment to Te­len­gana has prompted him to quit the chair­man’s post at Coal In­dia and take over the new as­sign­ment. He was born at Medak district in Te­len­gana where he spent 22 years of his for­ma­tive years till he com­pleted grad­u­a­tion,” a source close to him said.

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