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Business Jharkhand Headlines
Tata Sons Chairman’s Third Term Proposal May Face Legal Challenge Tata Trusts is considering legal options over Tata Sons’ proposal to give chairman N. Chandrasekaran a third five-year term after February 2027. The board approved the proposal 4-1, with Noel Tata opposing it and Venu Srinivasan supporting it. Tata Trusts argues that both trust nominated directors’ consent was required under the company’s Articles of Association for the proposal.
CITU Plans Workers’ Gathering in Delhi Against Labour Codes CITU has decided to mobilise workers for a major gathering in Delhi from 1st to 3rd December 2026 to oppose the four labour codes. Speaking at the union’s Jharkhand state committee meeting, national vice president Tapan Sen said workers would organise against concerns over working hours, privatisation, contract labour and rising prices. Representatives from coal, steel, power, construction and other sectors attended.
Coal India to Spend 80% of CSR Budget in Mining Affected Areas Coal India’s CSR spending framework will focus more on measurable outcomes and local needs. Under the new structure prepared by the Indian Institute of Corporate Affairs, 80% of CSR funds must be spent in mining-affected areas on infrastructure, health, education, livelihoods and community development. Spending on one type of project will also be capped at 40% of the annual CSR budget.
CISF Taken Charge of Security at Magadh and Amrapali Coal Projects CISF has taken over security at CCL’s Magadh and Amrapali coal projects in Chatra to curb large scale coal theft. Around 200 personnel have been deployed initially, with the strength planned to rise to 1700. The force will monitor mines, villages, forests and highways, supported by drones, GPS vehicle tracking and integrated command centre surveillance to prevent illegal coal movement.
Jharkhand Finance Minister Raises Revenue Concerns at Delhi Conference Jharkhand Finance Minister Radha Krishna Kishore sought restoration of the state’s power to levy mining cess, compensation for GST-related revenue losses and a 90:10 Centre-State funding ratio under the G-RAM-G scheme. He said policy changes could potentially impact Jharkhand’s economy by 20,000-22,000 crore. Kishore also stressed greater financial support for weaker states to support balanced development.
Rakesh Kumar Taken Charge as Magadh Coal Project Officer Rakesh Kumar has taken charge as the 17th Project Officer of CCL’s Magadh coal project, replacing Sudhir Sinha, who has been transferred to the B&K area as GM Operations. Kumar, previously a manager in the Ashoka area, faces the challenge of improving declining coal production. The project has seen two officer transfers within five months amid falling output.
SP Group Backs Tata Sons Listing Amid Leadership Dispute Shapoorji Pallonji Group chairman Shapoor Mistry has publicly supported the listing of Tata Sons, calling it a social and ethical responsibility. The SP Group, Tata Sons’ second-largest shareholder, welcomed the RBI’s decision requiring compliance with listing norms. Mistry also backed Tata Group’s expansion into semiconductors, defence, artificial intelligence, energy and strategic infrastructure, amid an ongoing internal dispute.
Coal India Employees Get 1.8% Hike in Dearness Allowance Coal India has increased the dearness allowance for non-executive employees by 1.8%, taking the rate to 26.8%. The revised allowance will apply from September 1 to November 30. The increase will benefit more than two lakh employees across Coal India subsidiaries, including around 29,500 workers of BCCL, providing them additional financial support.
Piparwar Underground Mine Started Coal Production Coal production has started from CCL’s Piparwar underground mine after nearly three decades of open cast mining. Operated by Joy Mining under the MDO model, work on two of the three inclines has been completed, while 40-50 metres remain in the third. The Rs.392-crore project has 81.83 lakh tonnes of coal reserves and targets annual production of 8.70 lakh tonnes.
Jharkhand Cabinet Meeting Scheduled for 25th September Jharkhand Chief Minister Hemant Soren will chair a state Cabinet meeting at Project Bhavan, Ranchi, on 25th September at 3 pm. The meeting is being held after nearly a month. Various departmental proposals, including welfare schemes, road construction, energy and food supply, are likely to be discussed. Key government priorities and pending matters may also come up for consideration.
SAIL Director Finance Interview Rescheduled to 21st September The interview for SAIL’s Director Finance and Accounts post has been postponed from 18th September to 21st September due to the Public Enterprises Selection Board chairman’s leave. The online interview will be held from 10 am to noon, with results expected the same evening. Twelve eligible officers are in the selection process for the five-year position.
N. Chandrasekaran Set to Continue as Tata Sons Chairman for Five More Years Tata Sons’ board has approved N. Chandrasekaran’s reappointment as executive chairman for another five years after his current term ends in February 2027. Chandrasekaran had earlier announced he would step down but agreed to continue following the board’s request. Noel Tata voted against the proposal, while other board members supported it. Tata Sons will also proceed with listing plans.
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