COAL & MINES

Panel opposes proposal of separating CMPDIL from Coal India: Sources

A five-member panel has opposed the proposal of separating Central Mines Planning and Design Institute Ltd (CMPDIL) from Coal India, saying that the move could not be helpful for the miner which is pursuing a target of producing one billion tonne of the dry fuel by 2023-24, sources said on Sunday. The committee was formed by the miner to assess the proposal and give its suggestions. CMPDIL, a fully-owned subsidiary of the Maharatna PSU, offers technical services to the coal behemoth. The panel comprising five general manager-level officers – one from CMPDIL and four from different departments of Coal India- has submitted its report to the miner by end of May, they said.

“The report prepared by the panel is against the separation of the technical arm of Coal India. It has also been forwarded to the Ministry of Coal for its consideration in the matter,” sources aware of the development told PTI.

Source
financial express
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