02-12-2016 13:51 via news.yahoo.com

India's coal minister denies plan to split Coal India, sees no value

(Adds further quotes from minister, background) By Devidutta Tripathy and Jatindra Dash BHUBANESWAR, India, Dec 2 (Reuters) - India's power and coal minister Piyush Goyal said on Friday there was no value in splitting up India's biggest coal producer Coal India Ltd and denied any plans to break it up. In a presentation seen by Reuters on Thursday, government officials recommend that Coal India - with a stock market valuation of $28 billion - should be broken up into seven companies, which they s
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