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

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)

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