POWERS OF COAL INDIA LIMITED DELEGATED
Barring procurement of explosives, powers have
been delegated to subsidiary companies of Coal India Limited (CIL)
for making their own purchases. Powers relating to marketing in
the non-core sector have been delegated completely in case of
Mahanadi Coalfields Limited (MCL), Western Coalfields Limited
(WCL) and South Eastern Coalfields Limited (SECL).
By unburdening itself of operational responsibilities
that can easily be handled by subsidiary companies, CIL will be
able to contribute better towards achieving the crucial targets
of increased production and turn around. This move would also
make the subsidiaries more competitive and result in quicker decision
making at the operational level.
Coal India Limited has been directed to take
necessary steps at the earliest and report compliance to the Government.
These measures will help Coal India Limited to
concentrate and give better focus on its crucial role in providing
overall guidance and direction in terms of medium and long term
strategic planning, co-ordination and close monitoring of implementation
of its strategic decisions.
This information was given by Shri Kariya Munda,
Minister of Coal, in a written reply to a question in the Lok
Sabha today.
