Coal India executives will be able to get degrees from IIMs while on job

New Delhi: State-run Maharatna coal PSU ‘Coal India Limited’ is giving an opportunity to its high performing executives to complete a one-year programme in management from India’s top management institutes. The company has introduced a scheme under which selected executives can secure management degrees from IIMs (Indian Institutes of Management) in Ahmedabad, Bengaluru, Kolkata and Indore. This step will not only increase their efficiency but will also encourage them to take the private competition, said Coal India in a statement. 

A Coal India executive from its headquarter said that the scheme is very essential in view of competition. The duration of the course will be treated as ‘on duty’ and seniority and consideration for promotion would be protected. The company will also sponsor the cost, including hostel stay, and will keep giving salaries and perks to selected executives.

Eligibility 

Under this scheme, a total of 16 executives between E-4 to E-6 grade will be selected from the company across subsidiaries. The selection process will be based on the executive’s performance. Two candidates will be selected from each of the seven Coal India subsidiaries and one each from Central Mine Planning & Design Institute (CMPDI) and its headquarters in Kolkata.

Selection process

Executives who are working with Coal India for the last five years and have more than 10 years for their superannuation along with an ‘outstanding’ score in their performance in four of the previous five years are eligible for the selection process.

Coal India Limited

Coal India Limited (CIL) is a Maharatana PSU under the Ministry of Coal and has its headquarters in Kolkata, West Bengal. It is the largest coal-producing company in the world. The company contributes around 82 percent of the coal production in India. It has seven subsidiary companies.

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