Fwd: COAL INDIA IPO-WhyChairman is scouting4 Investiors as Top Technocrat-canb called Father Of Coal Modernisation suggested-Coal Emp are Best InvestorsRef Attch

 

 



 

From:- FROM A JOURNALIST [Investigative]& COUNTER JOURNALISM
Dear Countrymen-Letters to the Editor-PCCouncil-CII-NHRC-Minorities Commission
Namashkar
Vande Mataram

 

The CHAIRMAN OF COAL INDIA HAD MADE A STATEMENT FEW DAYS BACK THAT HE IS SCOUNTING FOR INVESTORS- It is Like the "DEER RUNNING HERE AND THERE TO FIND FROM WHERE THE FRAGRANT SMELL OF KASHTHURI IS COMING - NOT KNOWING THAT IT IS SITUATED IN ITS OWN NAVEL"- where as the Chairman is going for "navel" elsewhere.

 

FIRST AS A  MARK OF RESPECT THE SHARES SHOULD BE GIVEN TO ALL THOSE WHO DID THE MODERNISATION OF COAL INDUSTRY AND TO EMPLOYEES WHO DIED IN VARIOUS DISASTERS.  This Chairman does not even have the Decency to Respond.When he was A KID- GREAT MECHANICAL ENGINEERS- MINING ENGINEERS- ELECTRICAL ENGINEERS ETC LIKE JG KUMARAMANGALAM- ASHOK BANERJEE- JINARAJAN- MURTHY- HSRINIVASAN- CHARI-YAGNESWARAN-NARAYANAN- AND MANY MORE TOILED DAY AN NIGHT TO MODERNISE AND NATIONALISATION WAS DONE WITH GREAT RISK. The entire Modernisation of Coal Industry was done by the said team. Draglines, Shovels, Dumpers etc were deployed- The Indegisation of the Heavy Earth Moving Eqip was done by thousands of Engineers- BEML- CATERPILLAR- ASHOK LEYLAND Etc. Barkakhana Workshop,Bishrampur,kurasia etc were all developed. Political Pressures to Import Kamatsu Dozers and Mannesman Demag 225 Ton dumpers were resisted- it will not out place to Name Ambika Soni of all the Persons was pressurising to purchase it - who is now the Union Minister- even deat threats were ignored!!!!!! What about the Ex Employees. 150 shares to EMPLOYEES IS LIKE THROWING BISCUIT TO STREET BEGGAR!!!!!! When People Like World CHAMPION VISHWANATHAN ANAND, BINDRA  HOCKEY, Army Jawans Players can be Insulted under the Congress Government- Well just Imagine the Plight of EXP EMPLOYEES!!!!!!- This is Corporate Governance Practised In India- ALL JUNK AND GARBAGE!!!!!

 

Please see how Obama asserts himself to protect American Interest- Similarly NAVRATNAS SHOULD GIVE SHARES TO ITS FOUNDER  EX EMPLOYEES AND ALL THOSE WHO BROUGHT IT TO NAVRATNA STAGE. What was Coal India- Loss Making Unit-which has become Navaratna because of the Great Engineers and Acounting =Administrative Professionsals. If the Ex-Emp is not alive- give it to their wife or children.

 

ONCE GHANI KHAN CHAUDHURI who was the Coal Minister whose decision was rejected( Congress talks of Mining Mafia- Congress should peep into its activtiy in the Eastern Sector and Coal Industry- Kudramukh Iron Project etc)- " YEH SALS SRINIVASAN KAUN HAI- MERE PHELE DEO- SACK THIS MADARASI dosh minute ey"- It means eliminate this Fellow or dismiss him from the Job in next 10 minutes.

 

The  letter has been marked to Shri Manmohan Singh also who use to sit in front of him to prepare Coal Budget when he was Joint Secretary Finance- he also does not bother to Respond.- THERE IS A SAYING THAT  " KHUDA MEHERBAN THO GADHA BHI PEHELWAN". english-> When there is Grace of God- even a Fool is ALBERT EINSTIEN.

REF CIL WEB SITE AND "EMPLOYEE WELFARE"- BLANK-REF ATTACHMENT

READ THE LETTER ( WHICH NOW CIL CHAIRMAN WILL SAY NOT RECIEVED- CAN BE PROVED LATER ON.

 

 

From

H.SRINIVASAN

BE. FIE.

Retd.Chief of Engineering & Equiptment, Director CCL)

FLAT-1,9 Park Avenue

Kesavperumalpuram, Greenways Road

Chennai 600 028

Cell No : 9444 937639

                                                                        By Registered Post A/d/Speed post

Ref : HS/CIL-7

Date: 8.01.2010

To

SHRI PARATHA S.BHATTACHARJEE-

CHAIRMAN & BOARD OF DIRECTORS

COAL INDIA LTD

10,  >NETAJI SUBHASH ROAD/ >

KOLKATTA 700 001

Dear Sir.

Sub Government to Divest 10% in Coal India Ltd- Chairman

It is said

 "SOLDIERS DO NOT DIE THEY FADE AWAY WITH TIME LEAVING THEIR CONTRIBUTIONS ENGRAVED FOR TIME IMMEMORIAL".

It is a pleasure to know that Our Child Coal India which we worked for tirelessly since the 1950s previously known as NCDC is in the NAVARATANA Category and is in a position to rule the Stock Exchanges.

This Year I am turning 86 years  and who knows most of my colleagues may or may not be alive  or most may not be. To my knowledge, Mr Mohan Kumaramangalam, Shri JG Kumaramangalam, Mr Balaraman, Shri Yagneswaran etc  have reached the heavenly abode- but must be pleased that their CHILD HAS MATURED.

I need not  elaborate too much about myself who along of with a Team of Dedicated engineers- workers Mechanised the Coal Sector – setting up number of Workshops like Barkhakhana etc, Mechanised the Mines with Draglines, Shovels, Dumpers , Blast hole Drills etc. Introduced Open Caste Mining, Long wall Mining with latest machines at that time.

We along with Shri Mohan Kumaramangalan, Shri JG Kumaramangalam etc where the Brain behind the Nationalisation of Coal Industry with the Support of Late Shrimathi Indira Gandhi ,the then Prime Minister in 1970s which resulted in the Birth of Coal Mines Authority and then later on became Coal India Ltd. Even after retirement we worked for the coal sector for number of years.

Public Issue and Disinvestment.

Your announcement was music to we soldiers  and our APPEAL TO YOU is that all the Ex Employees who have contributed to Coal Industry  be allotted Minimum 2500 ( Two Thousand Five Hundred Shares or  more) at par which we are sure will be Rs 10/- (Rupees ten only). The People who are no more  to their wives/heirs should receive this  in a non transferable manner. This is one of the aspect of Corporate Social Responsibility. The number of shares mentioned will paltry amount. The Ex-employees are jewels in the Crown and foundation Stone & infrastructure Pillars of Organization which should be recognized and once recognized becomes an established convention that is why our Civilization lived the Test of Time and will survive for ever. Let the Ex Employees cherish the Past. This will result in equitable distribution also, instead of getting cornered by selected few as it happens in Stock Market.

It Will not be out  to place to mention that Shri Manmohan Singh-PM who was the Finance Secretary was aware of our efforts when preparing budgets etc and we request you to propose to him of our request and also take up the matter with Coal Ministry. This is one way to award and recognize the efforts of all those people who contributed to the development of Coal Industry.

The Fading and Faded soldiers should not be forgotten as they are born again to retrieve the Glory and establish further  Monuments of Glory for the future generations.

Look forward to hear from you assuring of us of the above.

With Kindest Regards

Thanking you,

Yours  Truly

H.SRINIVASAN

Ex Coal India Official.

Cc: Prime Minister- Shri MANMOHAN SINGH- Prime Minister

Cc: Union Minister for Coal and Energy.

Trade unions gear up to oppose CIL divestment

Just as a team of key officials drawn from the Union Coal Ministry, the Divestment Department and Coal India Ltd (CIL) get ready to pitch CIL's issue before overseas investors, central trade unions are girding their belts to put up a united show of opposition to the divestment programme of the navratna PSU.

While expectedly, the Centre for Trade Unions (CITU) has put up a stiff resistance and has already observed a day's token strike over this issue, the other central trade unions are planning to join the cause.

Available information suggest that to top up the various agitation programmes being lined up, a day's nationwide strike may be called by all the trade unions in the last week of September, a month ahead of the targetted opening of the issue.

TUs also felt that the stipulation, on compulsory listing of PSUs being accorded navratna status, needs to be changed.

Chhattisgarh-based Surendra Kumar Pandey, General Secretary of the Bharatiya Mazdoor Sangh-affiliated Akhil Bharatiya Khadan Mazdoor Sangh, told The Hindu that his union would create awareness among the employees against the issue by distributing pamphlets and holding gate-meetings.

Backdoor-privatisation

Ramendra Kumar, General Secretary of the AITUC affiliated Indian Mine Workers Federation, saw the move as backdoor-privatisation.

Sanjeeva Reddy, President of the Indian National Congress, however, said that as part of its policy the union could not support the divestment programme of a profit-making PSU Officials piloting the divestment-process are, however, intrigued by what they see as a backtracking by at least some of the unions.

While pointing out that the Hind Mazdoor Sabha and the CITU had always opposed the share-sale, they are surprised that the other TUs were opposing the IPO now, although at a meeting taken with trade unions by the Union Coal Minister in mid-April, "some of the critical issues were resolved." The minutes of the said that "The trade unions expressed that the process of disinvestment, if carried out in phases will dilute CIL's stature as a PSU."

However, they were assured by the minister that the government would hold the majority shares.

When the attention of the trade union leaders was drawn to this aspect, many of them maintained that they had signed the minutes as they had agreed on the other points that were discussed at the meeting like those on completion of the next round of wage negotiations before the expiry of the current one in June 2011. Around 6.3 crore shares have been reserved for employees who are assured of allotment of 150 shares each.

 

 

Unquote

 

 

Therefore there has to human side of the DISINVESTMENT- WHICH IS MISSING.

 
A small body of determined spirits fired by an unquenchable faith in their mission can alter the course of history"
VANDE MATARAM***JAY HIND***BHARATH MATHA KI JAI
YOURS AFFECTIONATELY
"BRAMHASTHRA"
JOURNALIST
E&OE

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