Coal news and updates

CIL chief declines to comment on restructuring proposal

February 13: Coal India Ltd (CIL) Chairman S Narsing Rao on February 12 refused to comment on the government's recommendations for restructuring of the company.

"A lot has been talked about it. It is the government's prerogative. Let us wait and see. Why speculate?" Rao told ICMW when asked if restructuring, if implemented, will in any way affect CIL.

Asked if he meant it will not affect CIL, Rao said, " I am not saying anything. The government has … assigned a study, and the consultant has given a report. Now let us see..."

"The restructuring proposal has to be discussed, debated and a roadmap has to be chalked out.. only then can a conclusion be arrived at," he said.