New Delhi: Debasish Nanda has assumed charge as the first Director (Business Development) of Coal India Limited (CIL), a Maharatna PSU under the Ministry of Coal, on Tuesday. Prior to this, he was serving as Executive Director in Indian Oil Corporation Limited (IOCL). With this, Nanda became the first Director (Business Development) of Coal India.

According to an order issued on July 7, from the Department of Personnel & Training (DoPT) Nanda has been appointed to the post with effect from the date of his assumption of charge of the post till the date of his superannuation i.e. May 31, 2025, or until further orders, whichever is earlier.

Nanda is a graduate in mechanical engineering from UCE Burla, Sambalpur University, a post-graduate in production engineering from REC Rourkela and a master's in International Business from IIFT, New Delhi.

He joined Indian Oil in 1988 as a management trainee in the marketing division and spent 11 years in the marketing of Servo lubricants. Thereafter, he moved to the business development group in 1999.

He was involved in business development activities comprising expansion of lube business overseas and setting up of Indian Oil's subsidiaries, among others before moving to the oil company's gas business in 2009.

Nanda headed the natural gas business of Indian Oil which had a turnover of over Rs 20,000 crore. He developed many robust strategies for increasing the penetration of Indian Oil in the natural gas business.

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