Kolkata: The board of Coal India Limited is likely to approve the Centre’s proposal for 10 per cent disinvestment in its subsidiary, Central Institute of Mining Planning and Design Ltd (CMPDIL). Official sources said on Sunday that the advisory firm will be listed on the stock exchanges.
He said that if the issue of Maharatna Company is approved, it would set a precedent for Coal India to sell and list coal producing subsidiaries.
The Coal Ministry, in a letter dated September 23, had asked Coal India to seek board approval for disinvestment of 10 per cent of the paid-up capital of CMPDIL and listing it on the stock exchange. The next board meeting of Coal India Limited is likely to be held this month, but the date is yet to be decided.