New Delhi: SM Choudhary has taken charge as Director (Finance) of South Eastern Coalfields Limited (SECL), a Miniratna PSU under the Ministry of Coal, on October 14. Prior to taking charge as Director (Finance) of SECL, he was serving as Director (Finance) in Western Coalfields Limited (WCL) since March 3, 2016. He was also holding the additional charge of the post of Director (Finance) of SECL between December 28, 2018, and April 4.
Choudhary is a qualified Chartered Accountant, Cost and Management Accountant and Company Secretary with over three decades of experience in the coal industry. Along with rich academic qualifications, he has also completed the certified course in International Financial Reporting Standards (IFRS) and Indirect Tax from the Institute of Chartered Accountants of India.
Chaudhary began his career with Central Coalfields Limited, Ranchi and worked at different levels. He had also served as General Manager (Finance) at the Coal India Limited (CIL), a Maharatna PSU under the Ministry of Coal. "Choudhary is a recipient of Special Achievement Award by CIL for formalities of Unique Financial Scheme related to mine closure plan. He was conferred with Best CFO Award in PSU Category by the Institute of Chartered Accountants of India in its 11th ICAI Awards, 2017," the company said.
SECL is the largest coal-producing company in India. It is a "Miniratna" company and one of eight fully owned subsidiaries of Coal India Limited. The company has its headquarter at Bilaspur (Chhattisgarh) and has 92 mines spread over Chhattisgarh and Madhya Pradesh; 70 underground, 21 opencast, and 1 mixed. It is a schedule 'B' Mini Ratna CPSE of coal and lignite.