Coal India board appoints B Sairam as chief executive officer
Coal India Ltd's board appointed current Chairman-cum-Managing Director B Sairam as Chief Executive Officer during its December 26, 2024 meeting. The appointment, effective from the date of assuming charge, consolidates leadership at the state-run coal major and complies with SEBI regulations. Sairam brings over 30 years of coal sector experience, having previously served as CMD of Northern Coalfields Ltd and Director (Technical) at Central Coalfields Ltd.
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Coal India Ltd has appointed its current Chairman-cum-Managing Director, B Sairam, as the Chief Executive Officer of the company, marking a key leadership consolidation at the state-run coal major. The decision was taken by the company's board at its meeting held on December 26, 2024, in line with regulatory disclosures to stock exchanges.
Appointment Details
According to the regulatory filing, B Sairam will hold the position of CEO with effect from the date he assumes charge, and will continue until his superannuation or until further orders, whichever is earlier. The appointment is part of Coal India's compliance under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
| Parameter: | Details |
|---|---|
| Position: | Chief Executive Officer |
| Effective Date: | From date of assuming charge |
| Duration: | Until superannuation or further orders |
| Board Meeting Date: | December 26, 2024 |
| Regulatory Compliance: | SEBI Regulation 30 |
Professional Background
Sairam brings more than three decades of experience in the coal sector to his new role. Before taking over as CMD of Coal India, he served as CMD of Northern Coalfields Ltd, a wholly-owned subsidiary of Coal India. He has also held the role of Director (Technical) at Central Coalfields Ltd, where he was closely involved in coal logistics development, First Mile Connectivity projects, environmental clearances, and project planning for both greenfield and brownfield mines.
Educational Qualifications and Expertise
A graduate mining engineer from NIT Raipur with an MBA in Energy Management from NTPC School of Business, Sairam has played a pivotal role in large-scale rehabilitation and resettlement programmes and in securing regulatory clearances for uninterrupted coal production. His elevation as CEO is expected to strengthen Coal India's operational and strategic leadership going forward.
| Qualification: | Institution/Details |
|---|---|
| Engineering Degree: | Mining Engineering, NIT Raipur |
| MBA: | Energy Management, NTPC School of Business |
| Experience: | Over 30 years in coal sector |
| Key Areas: | Coal logistics, environmental clearances, project planning |
The appointment represents a strategic move by Coal India to consolidate its leadership structure under an experienced industry veteran with deep operational knowledge of the coal mining sector.
Historical Stock Returns for Coal India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.05% | +4.52% | +7.95% | +2.42% | +4.59% | +195.16% |
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