State-owned Coal India (CIL) today said it has roped in consultancy firm KPMG to help it "transform" its operations in key areas and become a global leader.
"CIL has engaged KPMG Advisory Services to undertake the assignment...The exercise is aimed to bring in the necessary transformation in the key areas identified to enable the firm sustain its role as the largest coal company.
"The vision of CIL is to emerge from the position of domestic leader to leading global player in the energy sector by adopting best practices from mine to market with due care to environmental and societal sustenance," the company said in a statement here.
KPMG would be working in six key areas, including improving operational efficiency, managing the scale of growth, customer orientation and expanding presence across coal value chain among others.
The international agency has been given 18 months to complete the task, it added.
"A timeframe of 18 months has been fixed for this initiative including one year of implementation during which roadmap for improvement will be laid out," it said.
Currently CIL produces 82 per cent of overall coal output of India and meets 45 per of the country's primary commercial energy needs.
The government is planning to sell about 10 per cent of its stake in the coal major in the next fiscal.