Splitting Coal India denied:

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 say would make it more competitive and efficient.

The proposal, dated Nov. 30, is expected to be presented to Prime Minister Narendra Modi soon, three government officials with direct knowledge of the situation said.