Coal India ropes in Mukesh Agrawal as director of finance

9 Feb 2024 , 11:40 AM

Coal India Limited, a state-owned company, has named Mukesh Agrawal as its new director of finance for a five-year tenure beginning February 8, 2024.

CIL expresses anticipation for Agrawal’s financial expertise, particularly given his background in the coal and power sectors. The company values his skills in areas such as accounting, treasury management, taxation, costing, budgeting, inventory management, debtors and fund management, digitization, policy formulation, and system improvement. The PSU emphasizes that his experience with IFC provides an additional advantage.

Agrawal, a science graduate from the University of Allahabad, will succeed Debasish Nanda, who previously served as Director of the PSU’s Business Development department as well as Director of the Finance division.

Before taking over as CEO of CIL’s finance division, Agrawal was Executive-Director of Neyveli Lignite Corporation Limited, a major lignite producer situated in Tamil Nadu with a considerable footprint in thermal and renewable energy.

The latest member to CIL’s board of directors has almost three decades of expertise in both the private and public sectors, having worked for companies such as ITI Limited, IRCON International Limited, and NLCIL.

Agrawal also served as Chief Financial Officer (CFO) of NLCIL’s subsidiary Neyveli Uttar Pradesh Power Ltd (NUPPL), a coal-fired Supercritical Thermal Power Plant that is a joint venture between NLCIL and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited, according to a CIL release.

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