New Delhi: PM Prasad has assumed charge as the new Chairman-cum-Managing Director (CMD) of Coal India Limited (CIL) on Saturday. Prior to this, he was serving as Chairman-cum-Managing Director (CMD) of Central Coalfields Limited (CCL) since October 1, 2020. The announcement of his assumption of the charge of the post has been made by Maharatna Coal PSU on Saturday.
Prasad holds a degree in Mining Engineering from Osmania University, Hyderabad and a postgraduate degree in Opencast Mining from IIT (ISM), Dhanbad. In 1988 he acquired first class Mines Manager Certificate from DGMS. He also obtained degree in Law from Nagpur university in 1997.
He has put up 38 years of experience in the varied facets of operations and management. In 1994-95, he was instrumental in reopening of DRC mines which was affected by the underground fire during his posting in WCL. He was awarded as ‘Best Mines Manager’ from Secretary Coal, Ministry of Coal (MoC) and Chairman, Coal India Limited in 1995.
In May 2015 he joined NTPC as Executive Director (Coal mining). In March 2016, he took charge as Executive Director cum Head of the Project, Hazaribagh, Jharkhand. During his tenure, he led the commencement of coal mining operations at Pakribarwadih mines, Hazaribagh. During his term in 2016 Pakribarwadih was bestowed with the first prize in ‘Swarn Shakti Awards’. In February, 2018 he joined Northern Coalfields Limited (NCL) as Director Technical (P&P).
Under his leadership, NCL was awarded at the World Environmental Conference in June 2018 for outstanding work in environment conservation. He took over the charge of CMD, Bharat Coking Coal Limited (BCCL) in August 2019.