The Hindu Business Line : Plan panel proposes CIL revamp, autonomous arms

THE Planning Commission seems keen to adopt the petroleum sector model for the coal industry by dismantling Coal India Ltd (CIL) and make the subsidiaries independent organisations.

The Commission has recently re-activated the proposal of CIL restructuring and suggested that the "holding structure of CIL needs to be dismantled and its subsidiaries should be made autonomous and allowed to compete with each other." It has further pointed out that the "objective of CIL as a holding company has outlived its purpose and it is time for the performing companies to be on their own for further excellence."

CIL, which contributes about 86 per cent of coal production in the country, operates through eight subsidiaries — seven producing subsidiaries and the eighth for mine planning and design consultancy. The Commission has pointed out that there is no competition in the coal sector and no incentive for the performing coal companies of CIL within its group.

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