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Coal India rejig route

New Delhi, Jan. 7 (PTI): The government today invited bids for advisers to restructure Coal India Ltd.

“The ministry of coal invites expression of interest from the consultancy firms/organisations for taking up the job of providing consultancy for restructuring of Coal India (CIL),” the coal ministry said.

The Planning Commission and many high-level panels, including an expert committee on the road map for coal sector reforms, known as the T.L. Shankar Committee, recommended the restructuring of CIL keeping in view the rapidly increasing demand of coal and the need for enhancing production and to make the sector competitive.

The Planning Commission had earlier suggested spinning off CIL subsidiaries into separate entities so that each one of them can pursue its own goals, amid growing supply deficit of coal.

“The industry would be better served if the subsidiaries were spun off as separate public sector companies, encouraged to develop their own strategies of coal development including joint venture activities and acquisition of assets abroad,” said the 12th Five Year (2012-17) Plan document.

World’s largest coal miner CIL has seven subsidiaries such as Bharat Coking Coal Ltd, Central Coalfields Ltd, Eastern Coalfields Ltd and the Central Mine Planning and Design Institute Ltd. The coal producer has 3.71 lakh employees.

 
 
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