CIL appoints Mukesh Agrawal as director of finance

State-owned Coal India Limited appointed Mukesh Agrawal as its new director for its finance division with effect from February 8, 2024, for a term of five years.

“CIL looks forward to Mr. Agrawal’s financial acumen, especially with his experience in the coal and power industry. His proficiency in accounts, treasury, treasury, taxation, costing, budgeting, inventory management, debtors and fund management, digitization, policy formulation, system improvement, IFC brings an additional edge,” said the PSU.

A science graduate from the University of Allahabad, Agrawal will take the reins from Debasish Nanda who was the Director of PSU’s Business Development department and held additional responsibility as Director of the Finance division.

Agrawal before assuming the top position in CIL’s finance division was Executive-Director of Neyveli Lignite Corporation Limited, the Tamil Nadu based lignite producing major which also has a significant footprint in thermal and renewable generation.

The new addition to CIL’s board has experience spanning over three decades with a blend of both private and public sector work familiarity in entities like ITI Limited, IRCON International Limited and NLCIL.

“Agrawal also had a stint as Chief Financial Officer (CFO) at NLCIL’s subsidiary Neyveli Uttar Pradesh Power Ltd (NUPPL), a coal-based Supercritical Thermal Power Plant which is a joint venture between NLCIL and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited,” said CIL in its statement.

CIL which accounts for over 80 per cent of domestic coal output reported a 9.1 per cent rise in production at 78.4 million tonnes (MT) in January. The company had produced 71.9 MT of coal in the corresponding month of previous fiscal, Coal India Ltd (CIL) said in an exchange filling.

Coal production by CIL in April-January period also increased to 610.3 MT from 550.9 MT in the corresponding period of previous fiscal, the filing said.

Coal offtake in January increased to 67.6 MT from 64.4 MT in the corresponding month of previous fiscal.

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Harry Byrne

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