Govt asks CIL to improve performance to avoid
restructuring
24/06/2014 15:36
In a stern message to Coal India the government has asked the world's largest coal company to improve efficiency to avoid restructuring, reported PTI. According to sources, the Power and Coal Minister Piyush Goyal has asked the state-run company to improve the quality of its coal by December 31, 2014, as per the media reports. The Minister has also said that the coal major should pull up its socks and perform in order to avoid restructuring, reported PTI. According to media, the Coal Ministry had earlier planned to restructure Coal India to improve its operational efficiency. Coal India which accounts for over 80 per cent of the domestic coal production, missed its output target of 482 million tonnes in 2013-14 and produced only 462 million tonnes of coal, as per the media reports. The company's 7 subsidiaries include Eastern Coalfields Ltd (ECL), Bharat Coking Coal Ltd (BCCL), Central Coalfields Ltd (CCL) and South Eastern Coalfields Ltd (SECL).
24/06/2014 15:36
In a stern message to Coal India the government has asked the world's largest coal company to improve efficiency to avoid restructuring, reported PTI. According to sources, the Power and Coal Minister Piyush Goyal has asked the state-run company to improve the quality of its coal by December 31, 2014, as per the media reports. The Minister has also said that the coal major should pull up its socks and perform in order to avoid restructuring, reported PTI. According to media, the Coal Ministry had earlier planned to restructure Coal India to improve its operational efficiency. Coal India which accounts for over 80 per cent of the domestic coal production, missed its output target of 482 million tonnes in 2013-14 and produced only 462 million tonnes of coal, as per the media reports. The company's 7 subsidiaries include Eastern Coalfields Ltd (ECL), Bharat Coking Coal Ltd (BCCL), Central Coalfields Ltd (CCL) and South Eastern Coalfields Ltd (SECL).
