Coal news and updates

Coal India plans to take all eight subsidiaries public

·         Firm may take all its 8 subsidiaries public as prices of the fossil fuel soar

·         Experts said that the Centre’s plan is in line with its target of privatizing or selling stakes in non-core businesses

NEW DELHI : Coal India Ltd is looking at taking all its eight subsidiaries public as prices of the fossil fuel soared after power demand rebounded from the pandemic, a government official aware of the development said.

The coal ministry has approved a draft Cabinet note to sell 25% of state-run Coal India’s consulting unit, Central Mine Planning & Design Institute, and Bharat Coking Coal Ltd to the public. The other subsidiaries that may go public are Central Coalfields Ltd, Eastern Coalfie