Coal India Ltd nod to 10% CMPDIL divestment, listing proposal likely

The board of Coal India Ltd is expected to give its nod to the Centre's proposal to divest 10 per cent of paid-up capital in the miner's subsidiary Central Mine Planning and Design Institute Ltd (CMPDIL) and to list the consultancy arm on the bourses, official sources said. If the proposal is approved by the Maharatna PSU, it will set a precedence to divest and list the miner's coal-producing subsidiaries, they said.