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Coal India introduces scheme for executives to secure management degrees from IIMs

Coal India introduces scheme for
executives to secure management degrees
from IIMs
(courtesy ; THE ECONOMICS TIMES INDUSTRY july 20 e paper)

KOLKATA: Coal India has introduced a scheme that will allow its high-
performing executives secure one-year management degrees from Indian

Institutes of Management in Ahmedabad, Bengaluru, Kolkata and Indore, a
move aimed at taking on private competition.
The company will sponsor the cost, including hostel stay, and keep giving
salaries and perks to selected executives.
A company executive said the scheme was essential in view of
competition. “The duration of the course will be treated as ‘on duty’ and
seniority & consideration for promotion would be protected,” the executive
said.
He said many professionals are from technical background. “The initiative
will create future managers with an ideal blend of technical and managerial
skills,” he said.
To begin with, 16 executives per year will be selected for the scheme, two
from each of the seven coal producing subsidiaries and one each from its
exploration arm, Central Mine Planning & Design Institute and its
headquarters.
The scheme is aimed at mid-level executives in E-4 to E-6 grade with
minimum five years of service in Coal India and minimum 10 years of
service left for superannuation.
“They are to have an ‘outstanding’ score in their performance in four of the
previous five years,” he said.

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