The Government is likely to offload 10% of its holding in the world’s largest coal producer, Coal India through the offer-for-sale (OFS) route, in the next financial year. This will be the biggest disinvestment for the government in the 2013-14 fiscal. Through the public sector undertakings (PSU) stake sale next fiscal, the government will raise Rs 40,000 crore.
State run coal miner, achieved a production of 42.62 million tonnes (MT) of coal which is 96% of target achieved compared to allotted target of 44.37 MT. For the first 11 month period of the current financial year, the company achieved coal production of 398 MT as compared to 413.7 MT, 96% of target achieved.
