Coal India Ltd.

The Government has shortlisted nine firms out of 17 applications it received for restructuring world’s largest coal miner, Coal India. The Coal Ministry, which invited bids for the appointment of advisors for restructuring of the coal PSU in January, has already held a pre-RFP (Request for Proposal) and is likely to finalize the RFP by June-end. The ministry has received applications from the firms like McKinsey, KPMG, Ernst & Young, Deloitte and CRISIL.

In view of the growing supply deficit of coal, Planning Commission suggested spinning off Coal India's subsidiaries into separate entities so that each one of them can pursue its own goals. World's largest coal miner CIL has nine subsidiaries that include Bharat Coking Coal (BCCL), Central Coalfields (CCL), Eastern Coalfields (ECL) and Central Mine, Planning and Design Institute (CMPDIL). The company has 100% stake in all of them.