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Coal India chief resigns to play key role in new state of Telengana

New Delhi, May 28 (PTI): The chairman and managing director of Coal India Ltd, S Narsing Rao, has resigned in anticipation of getting to play a key role in the new state of Telangana.

“I have put in my papers three to four days back and I am waiting for the new government to relieve me from the post,” Rao told PTI.

Piyush Goyal, who would have been Rao’s boss as the new minister of state for power, coal and new & renewable energy, assumed office on Tuesday, a day after Prime Minister Narendra Modi and his 45-member council of ministers were sworn in.

Rao said that, if everything falls into place, he would take up a new role as principal secretary in the Telangana chief minister's office, “hopefully” from June 2.

Rao, a 1986 batch Indian Administrative Service (IAS) officer of the Andhra Pradesh cadre, hails from the Telangana region.

He had been appointed chief of the world's largest coal producer in April 2012 for a five-year tenure, and was to retire in 2018.

Before joining Coal India, Rao was CMD of Singareni Collieries Co Ltd, owned by the Andhra Pradesh government and the Government of India on a 51:49 equity basis.

The Telangana Rashtra Samithi is set to form the first government in Telengana, which will formally come into existence as the country's 29th state on June 2, following the bifurcation of Andhra Pradesh.