8 Coal India Subsidiaries May Be Merged

The Union government today said that it was considering a series of measures which include mergers of all the eight Coal India (CIL) subsidiaries and reduction of losses in the three CIL subsidiaries.

In the last five years, the three CIL subsidiaries Eastern Coalfields (ECL), Bharat Coking Coal (BCCL) and Central Coalfields (CCL) have incurred losses to the tune of Rs 2,967 crore.

While the four other CIL companies, Northern Coalfields (NCL), Mahanadi Coalfields (MCL), Southern Eastern Coalfields (SECL) and Western Coalfields (WCL) have earned Rs 644 crore in the last four years.