PM Office directs Coal India to list all subsidiaries by 2030
GS3Economy · S&T · Environment · Security· Industry, investment & MSMEs· Prelims + Mains·
Why in news
The Prime Minister’s Office (PMO) directed the coal ministry to map and list all subsidiaries of Coal India Limited (CIL) by 2030 to enhance transparency and asset monetization.
Background
Coal India Limited (CIL) accounts for over 80% of domestic coal output. It operates through eight subsidiaries, including Bharat Coking Coal Limited (BCCL) and South Eastern Coalfields Limited (SEC).
Facts for Prelims
- FactCoal India Limited (CIL) accounts for over 80% of domestic coal output.
- BodyCIL operates through eight subsidiaries including Eastern Coalfields Limited, Bharat Coking Coal Limited, Central Coalfields Limited, Western Coalfields Limited, South Eastern Coalfields Limited
- FactThe PMO has set a 2030 deadline for mapping and listing all CIL subsidiaries.
For Mains
Q. Discuss how the listing of Public Sector Undertaking (PSU) subsidiaries can enhance corporate governance and facilitate asset monetization in India's energy sector.
Dimensions to cover in your answer
- Governance transparency: Reducing opaque ownership structures in state-run coal entities
- Asset monetization: Unlocking capital from underutilized coal mining infrastructure
- Market efficiency: Transitioning from state-led management to market-driven accountability
Keywords: Asset Monetization · Corporate Governance · Transparency · Public Sector Undertaking · Coal Sector
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This note is generated automatically from SatyaDheesh's news feed and mapped to the UPSC CSE syllabus. Check facts against the original report or PIB before using them in an answer.