Coal India aims to join big league of miners

PSU major diversifies into metals and aims to position itself as a holistic energy company

Coal India’s decision to reposition itself as a holistic energy entity and harness its strength in mining by diversifying into metals will place the government-owned major in the big league of global miners such as Glencore, Rio Tinto, BHP, and Vale.

A consultant has been hired to do a study on how the company can modernise and adapt to current trends.

The metals mining move will also help it hedge against the impact of renewable energy. As India, in line with other countries, moves towards ‘clean’ and renewable energy, the dependence on thermal power would decline. This means less demand