The CIL Story

India Business Journal - - READERS' LOUNGE -

Coal In­dia (CIL) con­tributes about 82 per cent to In­dia's coal pro­duc­tion. In this book, Partha Sarathi Bhat­tacharyya, the for­mer chair­man and manag­ing di­rec­tor of CIL, tells the story, warts and all, of how he dealt with the Dhan­bad coal mafia, how he changed the way the in­dus­try was per­ceived, how he dealt with the trade unions and the gov­ern­ment and, most im­por­tantly, how he was able to script one of the great­est suc­cess sto­ries the coun­try had ever seen.

Mr Bhat­tacharyya, the then chair­man of Coal In­dia who spear­headed the com­pany's ini­tial pub­lic of­fer (IPO) in 2010, comes live with a first-hand ac­count of what caused such re­sound­ing suc­cess. Hav­ing joined as a man­age­ment trainee at the age of 26, he has seen the ex­cit­ing trans­for­ma­tion jour­ney of CIL.

Ac­cord­ing to the au­thor, CIL's story is fas­ci­nat­ing in its own right to any dis­cern­ing mind. "It is a home-grown story crafted by the man­age­ment based on the ap­pli­ca­tion of tested prin­ci­ples of strate­gic and fi­nan­cial pru­dence com­bined with in­no­va­tive think­ing, not to men­tion the sup­port from the gov­ern­ment and the em­ploy­ees. Of course, the story left a last­ing im­pres­sion on in­vestors world­wide," Mr Bhat­tacharya writes in the book.

About the au­thor

Partha Sarathi Bhat­tacharyya

joined CIL as a man­age­ment trainee in 1977 and ul­ti­mately went on to be­come its chair­man and manag­ing di­rec­tor in 2006. He en­gi­neered the coun­try's largest-ever IPO - a Rs 15,000-crore of­fer which was sub­scribed over 12 times.

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