MCL Chairman & Managing Director Recruitment 2026

About This Job

Public Enterprises Selection Board (PESB) has invited applications for the post of Chairman & Managing Director (CMD) at Mahanadi Coalfields Limited (MCL), a wholly-owned subsidiary of Coal India Limited. There is 1 post and the pay scale is Rs. 1,80,000 - 3,20,000 (IDA, Schedule B CPSE). Last date to apply online is 04 June 2026 (3:00 PM). The vacancy will arise on 01 February 2027.

Mahanadi Coalfields Limited Chairman & Managing Director Recruitment 2026 - 1 Post

Public Enterprises Selection Board (PESB), Ministry of Personnel, Public Grievances and Pensions, Government of India, has released Advertisement No. 51/2026 dated 15 May 2026 for the post of Chairman & Managing Director at Mahanadi Coalfields Limited (MCL). MCL is a Schedule B CPSE with its registered office in Sambalpur, Odisha, engaged in coal production from Grade G-7 to G-16 across 3 underground mines and 15 opencast mines. The CMD is the Chief Executive of the company and reports to the Board of Directors of Coal India Limited and the Government of India.

Who Can Apply?

Employment Background

You must be serving in a regular capacity in one of the following:

• Central or State Public Sector Enterprises
• Central Government Group 'A' services (including Armed Forces)
• Public Sector Banks / Financial Institutions / Autonomous Bodies
• Private sector companies / JVs / Federations with annual turnover of Rs. 1,000 crore or more (preference to listed companies)

Educational Qualification

You must possess one of the following:

• Engineering degree
• Chartered Accountant or Cost Accountant qualification
• Postgraduate degree or MBA / PGDIM

Experience

• Minimum 5 years cumulative experience in the last 10 years in Finance, Operations, Marketing, Business Development, Project Management, Production, or HR/IR.
• Experience in the coal or mining sector is desirable.

Age Limit

• Minimum age: 45 years as on the date of vacancy (01 February 2027).
• You must have the prescribed residual service as per CPSE guidelines.

Salary

• Pay Scale: Rs. 1,80,000 - Rs. 3,20,000 (IDA)
• Schedule of CPSE: Schedule B
• Plus DA, HRA, perks and allowances as per CPSE rules (cafeteria approach).
• Tenure: Five years from the date of joining or until superannuation (60 years), whichever is earlier.

Selection Process

1. Online Application: Submit your application through the PESB online portal before the deadline.
2. Forwarding by Cadre Authority: Your application must be forwarded by your employer / cadre controlling authority before the cut-off date.
3. Shortlisting: PESB will shortlist eligible candidates as per prevailing guidelines.
4. Personal Interaction / Interview: Shortlisted candidates appear before the PESB selection panel.
5. Final Recommendation: PESB recommends the selected candidate to the Government for appointment.

There is no written exam. Selection is based on the candidate's profile, experience, and personal interaction with the PESB panel.

How to Apply

1. Go to the PESB official portal at pesb.gov.in.
2. Click on the login page and register / sign in to your account.
3. Locate the vacancy under Advt. No. 51/2026 - Mahanadi Coalfields Limited - Chairman & Managing Director.
4. Read the full Job Description (JD) and eligibility criteria.
5. Fill in the online application form completely with employment, qualification and experience details.
6. Submit the online application on or before 04 June 2026 by 3:00 PM.
7. Ensure your cadre / employer forwards the application to PESB on or before 15 June 2026 by 5:00 PM.

Important Dates

• Advertisement / Job Description Issue Date: 15 May 2026
• Application Start Date: 15 May 2026
• Last Date for Online Application: 04 June 2026, 3:00 PM
• Last Date for Forwarding of Applications by Cadre Authority: 15 June 2026, 5:00 PM
• Vacancy Date (Date of Joining): 01 February 2027

• Provide overall strategic leadership and direction to Mahanadi Coalfields Limited as Chief Executive of the company
• Achieve the corporate performance objectives and production targets set by Coal India Limited and Ministry of Coal
• Oversee coal production, mining operations and offtake across 3 underground mines and 15 opencast mines
• Lead and manage a workforce of over 20,000 employees across all operational areas
• Report performance and key decisions to the Board of Directors of Coal India Limited and the Government of India
• Ensure financial discipline, profitability and statutory compliance of the company
• Drive mine safety, environmental compliance and CSR initiatives across operations
• Represent MCL with the Ministry of Coal, regulators, state governments and other stakeholders