Piyush Goyal: No proposal to hive off Coal India arms as separate companies

Piyush Goyal, the Union Power Minister today said,  "the government is not considering any proposal to hive off Coal India arms into independent companies."

As per the Niti Aayog has suggested in its draft National Energy Policy to spin off Coal India's seven arms into independent firms and imbibe competition, saying the coal behemoth was supplying coal to consumers at the higher price.

According to the Goyal said, "There is no such proposal. We welcome the suggestion of Niti Aayog."

"I have suggested that these plants should look at technical solutions to domestic coal. Under SHAKTI scheme, we will come out with a policy to allow these plants to bid for domestic coal." added.


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