Maharatna firm, Coal India, is set to hire 1,400 executives by October to bolster its workforce, ahead of crucial expansion and other projects.
“We will recruit about 1,400 management trainees by October this year and will flash advertisements for vacancies by early next month,” a Coal India Ltd (CIL) official told PTI.
The selection process of the management trainees, to be hired for various divisions of the public sector firm like human resources, finance, marketing and sales among others, will begin next month and will be completed by October, he said.
The world’s top coal producer, which accounts for over 80 per cent of the domestic production has a workforce of 3.97 lakh at present and has hired about 1,000 employees in the last two years.
“In 2010, we recruited 600 people from various institutes including Indian Institute of Technology and Banaras Hindu University,” the official said.
The state owned firm which at present has 3,300 vacancies began with the recruitment drive a couple of years back after a freeze for over a decade.
“Since 2008, the company has till now hired over 1,100 employees,” the official said.
CIL has plans to set up 20 new coal washeries with a combined capacity of 111.10 million tonnes (MT) at an estimated expenditure of Rs 2,500 crore.
Besides, it is also awaiting nod to start work on about 150 projects stranded since 2009, due to lack of environmental and forest clearances at Centre as well as state levels. Coal Minister, Mr Sriprakash Jaiswal, has already exuded confidence that the projects would get clearances soon.
The state owned firm has fixed a target of 452 MT production for the current fiscal. The mining giant missed its production target and produced just 431.33 MT of coal in the last fiscal.