Coal India Ltd.

Coal India’s five major trade unions have decided to go on a three-day strike from September 23. With this initiative, the workers are protesting against the Government’s move to divest shares in the company. These workers are represented by five trade unions, called INTUC, HMS, BMS, AICWF and AITUC.

Meanwhile, the government has already started with the process of disinvestment of its holding in Coal India. Government aims to garner nearly Rs 20,000 crore by selling 10% of its holding but, with the pressure from the unions, it has decided to limit the sale to 5% of the Government’s equity. At present, it owns 90% of the company.