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Jha gets 3-month extension as acting CMD of Coal India

Jha gets 3-month extension as acting CMD of Coal India
PTI
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First Published: Fri, Sep 02 2011. 01 47 PM IST
Updated: Fri, Sep 02 2011. 01 47 PM IST
New Delhi: Coal India Ltd (CIL) on Friday said the government has extended the tenure of acting chairman N C Jha for another three months on account of continuing delays in the process of appointment of a suitable candidate for the top post at the state-run company.
Jha, who is the public sector firm’s director (technical), was given the additional charge of chairman and managing director (CMD) after Partha S Bhattacharyya retired on 28 February this year.
“In terms of the ministry of coal order dated 30 August, 2011, N C Jha... has assumed the additional charge of CMD, CIL, with effect from 1 September, 2011, for a period of three months or till a regular appointment is made or until further orders, whichever is earlier,” CIL said in a filing to the BSE.
The decision was taken on account of delays in vigilance clearance of the contenders for the top post at the state-owned firm, a company official said.
The coal ministry had earlier extended Jha’s tenure for three months in June.
Tapas Kumar Lahiry, the chairman on Bharat Coking Coal Ltd (BCCL), a subsidiary of CIL, had emerged as the front-runner for the top post at CIL when the selection process concluded in November, 2010. The CMD of Western Coalfields Ltd, D C Garg, was also shortlisted for the post.
The state-owned firm accounts for over 80% of domestic coal production.
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First Published: Fri, Sep 02 2011. 01 47 PM IST
More Topics: Coal India | N C Jha | Extension | CMD | Corporate News |