Management Has No Role In Divestment: Coal India
  • Elizabeth George
  • Aug 05 2013

August 5: Coal India Chairman Narsing Rao says there is no shortage of available railway rakes to mobilise coal. Talking about issues with the trade union and roadblocks to the divestment, he says, “The divestment plan is mainly based on government decisions and the management has no key role to play.” Despite rising costs and weak e-auction realisations, he says CIL will consider price hikes only when appropriate.