CCL categorised as 'miniratna' company
This will have positive impact on the performance of the company, enabling it to take faster decisions in the ever changing business environment.
By PTI |
RANCHI: The Central Coalfields Ltd has been recently notified as a 'miniratna' company by the Union Government, the fifth miniratna company under Coal India Ltd and first category-one central public sector undertaking in Jharkhand.
The new status would enable the CCL to have more working autonomy, CCL's Chariman-cum-Managing Director R P Ritolia said.
"This will also have positive impact on the performance of the company, enabling it to take faster decisions in the ever changing business environment," Ritolia said here.
The CCL board would now be empowered to sanction upto Rs 300 crore for the purpose of capital expenditure in new projects, modernisation of projects and purchase of equipment.
The new status would enable the CCL to have more working autonomy, CCL's Chariman-cum-Managing Director R P Ritolia said.
"This will also have positive impact on the performance of the company, enabling it to take faster decisions in the ever changing business environment," Ritolia said here.
The CCL board would now be empowered to sanction upto Rs 300 crore for the purpose of capital expenditure in new projects, modernisation of projects and purchase of equipment.
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