Coal India Ltd (CIL) must modernise its system in order to increase output to meet ballooning coal demand in the country. Strategies planned while launching CIL’s initial public offer (IPO) have not been achieved.
“Improvement is required in the management of CIL and need to focus on production to meet the demand instead of looking at margins,” said Mr Alok Perti, Advisor, Ministry of Coal. Mr Perti retired from the post of Coal Secretary on May 31.
Mr Perti said that even though CIL is giving projection it is unable to increase the production during the last few years to achieve the target due to lack of modernisation.
At the same time, Indian coal sector may witness the shift from monopolistic pattern to all inclusive competitive regulated by Coal Regulator, said Mr. D. C. Garg, Chairman and Managing Director of Western Coal Fields Limited, a subsidiary of CIL.
Mr. Garg further added that the mine size and equipment size will be upscaled with the major thrust on automation of operations in opencast and underground mines.