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Shri A K Sinha, Director (Fin), CIL conferred with Best CFO Award
Apr 11, 2012
Shri Asok Kumar Sinha, Director (Finance) Coal India Limited, the Maharatna coal mining monolith was conferred with the coveted “Best CFO” Award in PSU category in an awards function organized by ‘Business Today’ and ‘Yes Bank’ on 11 April 2012, in New Delhi. The Award was presented by Shri Pranab Mukherjee, Hon’ble Finance Minister, Government of India and (Dr) Shri Veerappa Moily, Hon’ble Minster for Corporate Affairs, Government of India.
Shri Sinha was Director (Finance) of CIL when the company launched its IPO in October 2010, which was the most successful Public Issue in the history of the country. He was also at the helm of the Finance wing when CIL emerged as the Most Valued Company in the country in terms of market capitalization on 17 August 2011.
Shri Sinha also holds the additional charge as CMD, of South Eastern Coalfields Limited, the Bilaspur based CIL subsidiary. During the fiscal 2011-12 SECL produced 113.84 Million Tonnes of coal, 1.84 MTs more than the target. Coal off-take of SECL during the period was 115.12 MTs, 3.12 MTs more than the target and recorded a growth of 5.6% in comparison to last year. Compared to last year SECL was able to liquidate its coal stock by 1.31 MTs during 2011-12.
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