The government is examining a proposal to list profit-making subsidiaries of state-owned Coal India Ltd in a bid to raise funds, sources privy to the development said
The Kolkata bench of National Company Law Tribunal (NCLT) has ordered the commencement of corporate insolvency resolution process against the Eastern Coalfields (ECL), a subsidiary of the Coal India, for non-payment of interest.
Several workers are feared trapped in a coal mine that collapsed late evening on Thursday in the Lal Matia colliery of Godda district in Jharkhand, reports said.
Combined stocks of thermal coal at 101 power plants in the country has risen to a new record of 34.2 mt
The development comes at a time when the country is battling with less coal output, which has impacted power generation.<br />