Coal India chief calls for biz overhaul amid changing energy landscape
Outlining CIL's transformation roadmap, Coal India Limited (CIL) Chairman Sanoj Kr Jha identified three key strategic pillars — diversification beyond core mining, expansion of underground mining, and modernisation of logistics and technology
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KOLKATA: Newly appointed Coal India Limited (CIL) Chairman Sanoj Kr Jha called for an "overhaul" of the state-run miner's business model and systems. He also emphasised on emerging production methods, stressing that the organisation must adapt swiftly to stay relevant amid the global shift towards renewable energy.
"The world is not the same as it was 50 years ago, when coal was the primary source of energy. Renewable energy and many other competitors have come up," Jha said while addressing employees and stakeholders during CIL's 50th anniversary celebration in Kolkata on Saturday, marking his first day in the organisation. Jha, who is also Additional Secretary in the Ministry of Coal, said the sector is at a "turning point" and must evolve beyond traditional methods of operation. "We have to change our entire system, all of our current business models, and the method of production. The minister constantly reminds us that Coal India and all PSUs must come out of the mindset that they can continue working in the same way," he stated.
The chairman noted that while CIL has already taken steps toward diversification over the last five to ten years, much more remains to be done. "The entire team is geared up to execute the vision of the minister and the Prime Minister, and we will meet the expectations regarding the new things happening in the country," he said.
