Govt may hive off Coal India into separate listed firms to raise funds

India, the world's second-largest coal consumer after China, depends on Coal India for about 83% of the domestic production

India may spin off units of Coal India Ltd, the world's largest coal miner, into separate listed companies to boost competition and raise government funds, according to people with knowledge of the matter. 

The state-run company and the coal ministry are studying a proposal by the finance ministry's Department of Investment & Public Asset Management to list four of Coal India's biggest production units, as well as its exploration arm, said the people, who asked not to be named as the plan isn't public. The development is in an early stage and it was unclear how long it may take, the