New Delhi: PM Prasad has assumed additional charge as Chairman of Managing Director (CMD) of Bharat Coking Coal Limited (BCCL) on February 1. Currently, he is also serving as CMD of Central Coalfields Limited (CCL). Earlier in 2019, he has held as CMD of the organisation. He has taken over the charge of the post from Gopal Singh, who superannuated on January 31.
Prasad joined Coal India in August 1984 after completing in Bachelor of Engineering (Mining) from Osmania University in the year 1984 and since then has performed his duties at Western Coalfields Limited (WCL) and Mahanadi Coalfields Limited (MCL) in various capacities ranging from Executive Trainee to General Manager up-to April 2015. He acquired M Tech in Open Cast Mining from Indian School of Mines, Dhanbad in 1991. He has over 34 years of experience in opencast and underground coal mining. His various accolades of those times include reopening of underground fire area in 1994-95 at DRC mine in WCL in five stages. For this outstanding job, he was awarded a meritorious certificate as the best mines manager from Coal Secretary and Chairman of CIL in 1995.
Bharat Coking Coal Limited (BCCL) was incorporated to operate coking coal mines in Jharia, Jharkhand and Raniganj, West Bengal coalfields, taken over and nationalized by the Government of India to ensure planned development of scarce coking coal resources in the country. BCCL Miniratna PSU under the administrative control under the Ministry of Coal. The authorized and paid-up share capital of the Company was Rs 5,100 crore and Rs 4,657 crore respectively as on March 31, 2020.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)