Debasish Nanda, ED-Indian Oil appointed as Director (BD) of CIL

New Delhi: Coal India Limited appointed Debasish Nanda, Executive Director of Indian Oil Corporation Limited as Director (Business Development), Coal India Limited (CIL) in Schedule 'A' of the CPSE. The PSU issued an order of appointment dated July 08, 2022 from Under Secretary to the Govt. of India, Ministry of Coal, New Delhi conveying the approval of the President and in pursuance of Articles of Association of Coal India Limited (CIL). 

The pay scale of Debasish Nanda will be Rs.1,80,000-3,40,000/- with effect from the date of his assumption of charge of the post till the date of his superannuation, i.e., May 31, 2025, or until further orders, whichever is earliest subject to the condition that after the expiry of the first year the performance of Sri Nanda will be reviewed to enable the Government to take a view regarding continuance or otherwise for the balance period of tenure.

His appointment to the said post will be effective from the date on which Shri Nanda takes over charge of the post. However, his appointment as Director (Business Development), CIL for the said period is made on a contract basis and the Government will have the option to terminate his services with three months' notice or with three months' pay in lieu thereof.

The order also mentioned if Nanda does not join the post he shall be debarred for a period of two years from the date of the offer of appointment, from being considered for Board Level posts in any CPSE. The debarment would be applicable to all CPSE's other than the one to which the candidate belongs.

Shri Debasish Nanda will assume the charge of the post of Director (Business Development), CIL, and submit his joining report to Chairman-cum-Managing Director, CIL under intimation to the Ministry of Coal.