The Indian Institute of Management Ranchi hosted a thought-provoking discussion on aligning Energy Transformation with Viksit Bharat @2047, India's vision for a developed and prosperous nation by 2047. The event, held on January 16, 2024 featured Shri Pramod Agrawal, IAS (Retd.), Former Chairman cum Managing Director-Coal India Limited and Distinguished Visiting Professor - IIM Ranchi.
The session commenced with Prof. Deepak Kumar Srivastava, Director, IIM Ranchi, welcoming Shri Agrawal and highlighting the significance of exploring the transformation of Coal India in the context of Viksit Bharat@2047. Prof. Srivastava emphasized the importance of such discussions in fostering new ideas and driving growth.
Shri Agrawal shared his vast experience in the energy sector, delving into the current transition, challenges, and prospects. He emphasized the need for decarbonization and a shift towards renewable energy sources to address increasing global emissions. He pointed out that while India's per capita energy consumption is significantly lower than some developed nations, all countries must reduce their consumption for a sustainable future.
Shri Agrawal also shed light on Coal India Ltd., underscoring its position as the world's largest coal mining company and its vital role in meeting India's energy needs. He discussed the company's future trajectory, highlighting the projected growth in electricity generation and the continued dominance of coal as a primary fuel source in the near future. He acknowledged the challenges of future power shortages and emphasized the need for a longer-term perspective to achieve 24x7 electricity access. He outlined the expectations of various stakeholders from Coal India Ltd., including the Government of India, employees, customers, shareholders, and management. He then elaborated on the critical changes required across various domains, including process optimization, human resource management, and change management strategies.
The event concluded with an exciting Q&A with students and with the felicitation of our esteemed guest.
