/ No Proposal To Hive Off Coal India Arms As Separate Companies-Indian Government ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 29 June 2017



Piyush Goyal, Union Power, Minister of India said on Thursday that the government in not considering any proposal to hive off Coal India arms into independent companies. To spin off coal India’s 7th arms into independent firms and imbibe competitions, the government think tank Niti Aayog has suggested in its draft National Energy policy, saying the coal behemoth was supplying coal to consumers at a higher price.

Goyal further added that there is no such proposal; they welcome the suggestion of Niti Aayog. They will come out with a policy to allow these plants to bid for domestic coal under SHAKTI scheme. He has suggested that coal-based plants of Tata Power, Adani power and Essar power plants should look at technical solutions to domestic coal. 

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