CIL seeks Indian School of Mines' help to rationalise operations, cost

The Maharatna company will be shutting down 53 mines across its operational areas while it has opted to open new ones

In a move to rationalise its operations and cost, Coal India has decided to close, reorganise or convert a majority of its existing mines which are either operationally or commercially unviable. And, has appointed the Indian School of Mines (ISM), Dhanbad, to give a report on this.

In this financial year, the government-owned behemoth will be shutting down 53 mines and opening new ones. 

“We inherited many underground mines at the time of nationalisation (of coal, in 1971) when there were more than 700 mines. Now, we are trying to rationalise mines which are small and not financially viable. Some we are