Mumbai:
Coal India Ltd has named former coal secretary Alok Perti
and two other people as independent directors after several months of
vacancies that was criticized as the state-owned miner awaited several
key decisions amid a scarcity of the fuel in India.
Perti was coal secretary till 2012. He then became an adviser to the
coal ministry as it grappled with the coalfield allocations
controversy, a lawsuit from a UK-based small shareholder and calls from
the power sector for more supply agreements.
The other two independent directors, R.N. Trivedi and Kamal R. Gupta, served as independent directors earlier and have been reappointed while four other appointments are due.
The independent directors finished their tenures around
August and are remembered for their resistance to several government
policies and for forcing the company to soften some of the terms and
conditions on the fuel-supply agreements with power producers to protect
the profits of Coal India.
The next board meeting of the company is scheduled in the
first week of December. The board has to consider the overseas asset
purchase proposals and also the import of coal to meet the domestic
shortfall.
shailendra kumar
pgdm 1st year
2013-15
source- live mint
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