Deloitte submits draft report on Coal India restructuring: report
Consultancy firm Deloitte, which had been selected to study the restructuring of state-owned Coal India (CIL), has submitted its draft report to the Coal Ministry.
“Deloitte has submitted its draft report,” a source said. The ministry has asked the firm to prepare and hand over its final report by the end of next month, the source added.
The Planning Commission and other high-level panels such as the Expert Committee on Road Map for Coal Sector Reforms, also known as the T L Shankar Committee, had recommended restructuring CIL in view of the rapidly increasing demand for coal, the need to enhance production and to make the sector competitive.
CIL, the single largest coal producer in the world, accounts for 81 per cent of India’s output of the fuel. It operates through 81 mining areas and has seven wholly owned coal producing subsidiaries and one mine planning and consultancy company.