On a hiring spree, state-owned Coal India Ltd is likely to take on board around 800 executives in the next two months.
For the long term, the government is in the process of formulating strategies to almost double Coal India’s output to 1 billion tonnes over the next five years.
“CIL will hire 800 executives in the next two months,” said an official.
As for the long term hiring plans, the official said they are under formulation.
The executives would be hired for various divisions of the public sector firm including human resources, finance, marketing and sales, he said.
The world’s top coal producer, which accounts for over 80 per cent of the domestic production, has a workforce of over 3 lakh.
CIL, which missed the production target of 462 million tonnes (MT) last fiscal, has to achieve an output of 507 MT in 2014-15. Production fell short of the target because of various reasons, including lack of environment clearance to coal mining projects.
The Coal Ministry has sought suggestions from all stakeholders, industry bodies and others.
Power and Coal Minister Piyush Goyal had earlier said the target of doubling domestic production from the current 462 million tonnes level was “possible”.
He had said the country should make efforts to become an exporter of coal by drawing up a clear roadmap to achieve this.
The state-run firm will invest Rs 5,000 crore to buy 250 rakes for transporting coal.