Leading PSU, Coal India (CIL) announced that B Sairam has assumed charge as its Chairman and Managing Director (CMD), effective December 15, according to a regulatory filing to the BSE.
Sairam succeeds Coal Additional Secretary Sanoj Kumar Jha, who was holding interim charge as Chairman since November 1, 2025, following the superannuation of P M Prasad on October 31.
Focus on production and energy transition
Taking charge at a time when Coal India is intensifying efforts to achieve record production targets amid rising domestic energy demand, Sairam said increased coal production and improved quality supplies remain the company’s core focus. “But aligning with the changing business scenario and energy sector dynamics, we are also actively foraying into solar power, critical mineral acquisitions and coal gasification. The company is also committed to sustainable mining practices,” the CMD added.
Who is B Sairam?
Before this appointment, Sairam was Chairman and Managing Director of Northern Coalfields Ltd (NCL), a subsidiary of Coal India. Before heading NCL, he served as Director (Technical) at Central Coalfields Ltd, another coal-producing arm of CIL.
With over three and a half decades of experience, Sairam has worked across coal mine operations, planning, logistics and regulatory affairs. He is a graduate in mining engineering from the National Institute of Technology, Raipur, and holds an MBA in energy management from the NTPC School of Business.
Coal India accounts for more than 80% of India’s domestic coal production.
Coal India Q2
The company reported a net profit of R 4,262.64 crore in Q2FY26, down 32.6% YoY from Rs 6,274.80 crore in Q2FY25. The Q2 revenue from operations also declined 3% year-on-year to Rs 30,187 crore as compared to Rs 31,182 crore in the same period last fiscal.
Coal India share price
The company’s shares have fallen 1.39% in the last 1 month and declined 3.02% in the last six months.