New Era Cleantech Appoints Rakesh Kumar as Chief Business Officer

New Era Cleantech, India's first integrated gasification plant, has appointed Mr. Rakesh Kumar as Chief Business Officer. Kumar, with a vast experience of 36 years in the energy and petrochemical sectors, aims to lead the development of India's first Blue Refinery, aligning with the National Mission on Coal Gasification.

New Era Cleantech, India's pioneering integrated gasification plant, has named Mr. Rakesh Kumar as its new Chief Business Officer. This significant appointment is a key step towards establishing the nation's first Blue Refinery.

Mr. Kumar brings an extensive 36-year experience in the energy and petrochemical sectors, including 15 years at board-level leadership, most notably as Chairman Cum Managing Director of NLC India Ltd. His expertise spans financial resource mobilization, project execution, and strategic management.

New Era Cleantech plans to invest $3 billion over the next ten years in a major project site in Chandrapur, Maharashtra. The site will convert coal into high-value chemicals while emphasizing carbon capture, driving a circular economy. The company has secured environmental clearance and key partnerships for this ambitious undertaking.

(With inputs from agencies.)