S Narsing Rao’s Gamble: To quit as Coal India CMD to become Telangana chief minister KCR's key aide

AFTER joining as CMD of Coal India (CIL) in June 2012, this 1986 batch IAS – S Narsing Rao surprised many by resigning the elite IAS service to get absorbed in the Maharatna PSU. Now, Rao is set to quit Coal India as he is likely to take up his new assignment: Principal secretary to Telangana’s first chief minister K Chandrasekhara Rao. By the way, both the Raos hail from the same area in the state called…

Will ex-IAS Narsing Rao succeed in replicating Singareni magic in Coal India?

DURING the last few days, the world’s largest coal producing company, Coal India Limited, faced some bad press, and also the wrath of the Dalal Street. After all, its first quarter net profit witnessed a sharp fall by 16.51 per cent, much below the Street’s expectations, forcing the stock to test a 52-week low at Rs 248 on the Bombay Stock Exchange though it had partially recovered during later part of Monday. Coal India chairman S Narsing Rao, a 1986 batch IAS officer who had resigned from the service to get himself absorbed into the company last year, hopped over from…