-4.55 (-1.08%) The government is moving ahead with a proposal to merge Coal India’s arm CMPDI with the Mineral Exploration and Consultancy (MECL) and will prepare a cabinet note on the same. Central Mine Planning & Design Institute (CMPDI) is the planning and design arm of Coal India (CIL).
The mines ministry, in a letter to the CMDs of MECL and CMPDI, sought details such as profitability, turnover, current order books and current position of manpower of the companies in preparation of the merger.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.