Coal India on a hiring spree

Besides hiking the coal prices and giving a 24% annual return Coal India is all set to go on a hiring spree. Coal India (CIL) will induct around 1,100 management trainees by October this year, in keeping with its massive expansion plans. The Maharatna firm, which already has a staggering 3.97 lakh workforce, had hired around 1,000 personnel in the last two years following a decade-long freeze on recruitment drive.

The selection of the candidates would be done through a national-level written examination followed by a personal interview

The new faces will be inducted into the parent firm and its subsidiaries in various disciplines - mining, electrical, mechanical, civil and chemical/mineral, the company said.

The recruitment of the white-collars is necessitated as the world's top coal producer plans huge expansions, including setting up of 20 new washeries with a combined capacity of 111.1 million tonnes at an estimated cost of Rs 2,500 crore.

Besides, CIL is also awaiting environmental and forest clearances to start work on about 150 projects stranded since 2009. CIL, which accounts for over 80 per cent of the domestic coal production, has set a target of 452 million tonnes for the current fiscal from around 432 million tonnes production last fiscal.