Coal India inducts director for business development

Coal India (CIL) has inducted a director for business development on its board — a move that will aid its diversification plan. Debasish Nanda, who assumed charge as director – business development on July 11, will continue with the charge “till the date of his superannuation (May 31, 2025) or until further orders whichever is earlier”, CIL informed the stock exchanges.

Before joining the company, Nanda was executive director at Indian Oil Corporation. CIL also announced the names of 11 other directors, of which 6 are independent. According to sources, Nanda will likely look into new business verticals, which the PSU miner is entering into. CIL has already formed joint ventures with Hindustan Urvarak Rasayan and Talcher Fertilizers for fertiliser manufacturing.