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Coal India Limited: Privatization or Disinvestment?
內容大綱
Coal India Limited, the world's largest coal mining company and India's largest corporate employer, regularly produced less coal than was both achievable (i.e., it had excess capacity) and needed. As a result, it failed to meet the demand for coal from power utilities and other industries in the country. The Government of India, which had a persistent and large fiscal deficit, held the majority interest in the company. In January 2015, the government wanted to reduce its deficit and improve both the productivity of Coal India Limited and India's coal supply. Should the government opt to disinvest from Coal India Limited or privatize the company?