State-owned CIL will hire 1,000 people in different streams this year to bolster its workforce, as the Maharatna firm eyes one billion tonne output by 2020.
"In this calendar year, we would hire 1,000 people including executives and management trainees," an official said.
The hiring would be in various divisions including finance, marketing and sales.
Coal India (CIL), which accounts for over 80 per cent of the domestic coal production, has a workforce of over 3,00,000.
Buoyed by the output growth of 9 per cent by CIL, the government had earlier asked the world's largest coal miner to ensure that it meets the target of 550 million tonnes (MT) output for the current fiscal.
The company had missed the production target for 2014-15 by 3 per cent, recording an output of 494.23 MT.
The government has set one billion tonne production goal for the company by 2020.
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NTPC said in a statement that a Joint Venture Agreement (JVA) has been signed between NTPC Ltd and CIL today for formation of a Joint Venture Company to take up the revival of fertilizer plants of FCIL at Sindri, Bihar and Gorakhpur, Uttar Pradesh by setting up an Ammonia urea plant at each location.
"The JV Company would initially be incorporated with equal equity (50:50) participation from NTPC and CIL," it said.
JVA contains provision of inducting strategic partners at a later date depending upon business requirement of JV company.
The Joint Venture Agreement was signed by Arun Kumar Gupta, General Manager (BD) from NTPC and T Bandopadhyay, General Manager (Coal Videsh) from CIL in the presence of A Panda, Director (Finance), South Eastern Coalfields Ltd among others.
