CIL new head S Narsing Rao to focus on raising efficiency
S Narsing Rao, who takes charge on Tuesday, will focus on raising the state-run firm's output and consider production-linked incentives for employees.
"At Singareni Collieries I had introduced a production incentive system, where a worker gets a certain incentive which is proportionate to the extra production that a workman manages to achieve. Since production increase is on the top of my priority list, I will look at the possibility of introducing a similar system at CIL," Narsing Rao told ET on the eve of taking over as Coal India chairman.
Rao, an IAS officer, currently heads state-run Singareni Collieries, and has earlier been involved in UN welfare schemes in neighbouting Bangladesh and Myanmar. He takes charge from acting chairperson Zohra Chatterji and end 14 months of ad hoc arrangements in which Coal India was run by acting chairmen. CIL's output per man shift is 4.8 tonnes and the company needs to supply an additional 60-odd million tonnes to meet demand from new power units.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.