Coal India closes branches offices, shifts subsidiary sales offices from Kolkata to cut costs

In an effort to cut costs Coal India has asked all its subsidiaries to shift their marketing and sales offices from Kolkata to their respective subsidiaries and has closed down its regional sales offices from Chandigarh, Ahmedabad, Hyderabad, Patna and Lucknow.

The marketing and sales offices are located at an old office in Kolkata which used to be the headquarter for Coal India. Some officers are at other locations in the city.

The decision to shift subsidiary desk offices along with respective marketing and sales offices of subsidiaries, Eastern Coalfields, Bharat Coking Coal, Central Coalfields, South Eastern Coalfields and Mahanadi Coalfields from Kolkata to their subsidiary headquarters was passed at a recent board meeting.

The process of shifting and transfer of some 150 odd employees, has to be completed by end of June this year. Since Eastern Coalfields is head quartered in West Bengal, it has been given the option to operate its existing office with a maximum 4-5 officials only.

Recently, the company has shut its regional sales offices at Chandigarh, Ahmedabad, Hyderabad, Patna and Lucknow last month.

These offices were asked to take steps for winding up by completing the formalities in terms of lease/rent agreement of the office premises, adjustment/ re-adjustment/shifting/disposal of the furniture and fixtures, preserving and shifting important records, clearance of all pending rent, bills etc.

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