Coal minister says no value in splitting Coal India

Coal minister says no value in splitting Coal India
Workers unload coal from supply truck at yard on outskirts of western Indian city of Ahmedabad. Image Source: Reuters
By Reuters
Updated: Fri, Dec 02, 2016
04:43 pm
Reuters
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Power and coal minister Piyush Goyal said there was no value in splitting up India`s biggest coal producer Coal India 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 Coal India monopoly into seven different companies. 

"I have made my view known in June 2014. Coal 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.

(Reporting by Devidutta Tripathy and Jatindra Dash; editing by David clarke)