S Narsing Rao has stepped down as the Chairman and Managing Director of Coal India to take up a new role as Principal Secretary to K Chandrasekhar Rao, the Chief Minister of India's 29th state Telangana from June 2. Meanwhile, there is no word yet on the successor of Rao in Coal India after his resignation.
The production target for Coal India (CIL) has been fixed at 507 million tonne for 2014-15, according to its Chairman and Managing Director S Narsing Rao. CIL, which accounts for over 80 per cent of the domestic production, contributed 452.5 mt of coal in 2012-13 as against the target of 464 mt.
In 2013-14, Coal India (CIL) plans to award two-three large turnkey contracts to private players for extracting coal, removing over burden and supply the coal till the loading point. S Narsing Rao, chairman CIL informed that under these contracts the