Coal minister says no value in splitting Coal India
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)