Coal In­dia to Hire 4,800 B-School Grads in Five Years

The Economic Times - - Companies: Pursuit Of Profit - De­b­joy.Sen­gupta @times­

Kolkata: Coal In­dia (CIL), the mo­nop­oly producer of the fuel in In­dia, will hire about 4,800 busi­ness grad­u­ates over the next five years as it seeks to ce­ment its global lead­er­ship sta­tus while scout­ing clean-energy rev­enue op­tions.

The Kolkata-based producer of coal, which fires In­dia’s power plants, will hold stan­dard­ised tests to re­cruit tal­ent as part of a front-loaded man­power plan­ning pro­gramme.

In the fis­cal year be­gin­ning April 1, 1,600 busi­ness grad­u­ates are ex­pected to join the miner. That num­ber would halve to about 800 ev­ery year over the next four years in a re­cruit­ment process that would re­duce av­er­age age of ex­ec­u­tives at the world’s largest coal producer from 45 now to around 42. “We are now one of the largest re­cruiter of man­age­ment grad­u­ates in the coun­try and the process of re­cruit­ing man­age­ment trainees for 2017-18 has al­ready started,” a se­nior ex­ec­u­tive from CIL told ET. “They would be groomed to take up lead­er­ship roles in the near fu­ture to fill the void cre­ated by de­ple­tion of ex­pe­ri­enced hands at the top.”

The min­ing gi­ant, the coun­try’s sec­ond-big­gest state com­pany by mar­ket cap­i­tal­i­sa­tion, will see be­tween 800 and 1,000 ex­ec­u­tives re­tire each year over the next four years. Coal In­dia aims to pro­duce a bil­lion tonnes of coal by 2019-20, and di­ver­sify into clean energy. Achiev­ing these tar­get hinges largely on the de­fined con­tri­bu­tion of the com­pany’s15,000-plus ex­ec­u­tive cadre em­ploy­ees.

Co to hold stan­dard­ised tests to re­cruit tal­ent as part of its man­power plan­ning pro­gramme

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