24 February, 2017
Courtesy of the Economic Times
Coal India, 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’s 15,000-plus executive cadre employees.