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Coal minister says no value in splitting Coal India: Piyush Goyal

Coal India's strength comes from it being one company, claims Power and coal minister

Reuters  |  Bhubaneswar & India 

'Pan-India consensus very soon on revival of discoms'

Power and minister said there was no value in splitting up India's biggest producer Ltd.

Reuters reported on Wednesday that according to a presentation by senior government officials, a proposal has been mooted to break up of the country's monopoly into seven different companies.

"I have made my view known in June 2014. India's strength comes from it being one company," he said.

Goyal also said he has asked the board of state-owned aluminium producer National Aluminium Co to "reconsider" a proposal to set up a smelter in Iran.

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Coal minister says no value in splitting Coal India: Piyush Goyal

Coal India's strength comes from it being one company, claims Power and coal minister

Coal India's strength comes from it being one company, claims Power and coal minister

Power and minister said there was no value in splitting up India's biggest producer Ltd.

Reuters reported on Wednesday that according to a presentation by senior government officials, a proposal has been mooted to break up of the country's monopoly into seven different companies.

"I have made my view known in June 2014. India's strength comes from it being one company," he said.

Goyal also said he has asked the board of state-owned aluminium producer National Aluminium Co to "reconsider" a proposal to set up a smelter in Iran.

image
Business Standard
177 22

Coal minister says no value in splitting Coal India: Piyush Goyal

Coal India's strength comes from it being one company, claims Power and coal minister

Power and minister said there was no value in splitting up India's biggest producer Ltd.

Reuters reported on Wednesday that according to a presentation by senior government officials, a proposal has been mooted to break up of the country's monopoly into seven different companies.

"I have made my view known in June 2014. India's strength comes from it being one company," he said.

Goyal also said he has asked the board of state-owned aluminium producer National Aluminium Co to "reconsider" a proposal to set up a smelter in Iran.

image
Business Standard
177 22