Disinvestment move

Privatising profits

Print edition : October 31, 2014

A worker carries coal in a basket at a wholesale market in Mumbai, on July 2, 2013. In spite of Coal India Limited being the world's largest producer of coal, India is set to eclipse China as the top importer of power station coal. Photo: Dhiraj Singh/Bloomberg

Loaders fill railcar wagons with coal at a depot operated by Coal India Ltd in Jharia, Jharkhand, on April 6. One major problem facing CIL is the lack of infrastructure to transport coal from the pitheads.

The privatisation move comes against the backdrop of a Supreme Court judgment against mala fide and arbitrary allocation of natural resources to private players without following a fair, transparent method.
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