The Business Bytes
TBB BUREAU
RANCHI, JAN 02, 2024
Animesh Jain has been elevated to the post of Regional Executive Director (Coal), NTPC Limited with effect from January 1,2024. As head of the Coal Mining Division of NTPC, he shall be responsible for all the coal mining projects located in the States of Jharkhand, Odisha and Chhattisgarh and Coal Mining Headquarters at Ranchi.
Jain continues to be the Chief Executive Officer (CEO), NTPC Mining Limited (NML), a subsidiary of NTPC Limited.
In his illustrious career spanning over 32 years of experience, Jain has made outstanding contributions to the power sector and has also worked extensively in business development both in India and abroad, merger and acquisitions, risk management, strategic management, corporate affairs.
Jain also served as Managing Director of Bangladesh India Friendship Power Company Ltd (BIFPCL) in 2020-21 and continues to be a board member till date. Prior to assuming the role of Managing Director at BIFPCL, he was responsible for establishing operations of NTPC Limited in Myanmar.
Under the able leadership of Jain, NTPC Coal Mining group has registered a stellar performance, registering a year-on-year (Y-o-Y) growth of 73 per cent in coal production during April-December 2023 from its four operational mines and recording a Y-o-Y growth of 83 per cent in coal dispatch for the same period.
Jain is leading the transfer of coal mining business from NTPC to NML and has signed the Deed of Adherence with the Ministry of Coal for the same to augment the coal producing capacity.
NML has won the first commercial coal mine of North-Dhadu (Eastern part). By adding the new mine to its portfolio, NML has taken a step forward to reach the target of achieving the capacity of 100 million metric tonnes per annum by 2030.
