Kolkata, Feb 11 (Inditop.com) The country’s largest coal producer, Coal India Limited (CIL), has engaged KPMG Advisory Services Pvt Ltd to undertake its corporate planning exercise to consolidate its role as prime energy provider of the country.
CIL produces 82 percent of coal output of the country and meets 45 percent of the country’s primary commercial energy needs.
KPMG has identified six key areas that will support CIL to realise its vision, namely, managing scale of growth; improving operational efficiency; improving customer orientation; expanding presence across coal value chain; becoming employer of choice and focusing on environment and & community through sustainable initiatives, a company statement said Thursday.
“A time frame of 18 months has been fixed for this initiative including one year of implementation during which roadmap for improvement will be laid out,” the statement added.
Coal India is currently gearing up for its Initial Public Offering of shares through disinvestment of 10 percent government holding.
The release stated that one of the road blocks impeding CIL’s production rate and thus the growth potential is land acquisition. KPMG would help the coal major to chalk out the “fair price of land to be acquired”.
