CIL appoints KPMG for corporate plan

Coal India Ltd (CIL) has roped in consulting firm KPMG to format and implement a corporate plan over the next 18 months. India’s demand for coal is growing steadily and CIL is finding it difficult to keep pace due to several reasons, including inordinate delays in the procurement of environmental and forest clearances. The mismatch between supply and demand could be in the range of 120 million tonne in FY 2010-11. Hence, if the miner is unable to despatch the excavated coal, there could be a further increase in shortfall. KPMG has been instructed to immediately analyse the logistic-related functions at CIL and undertake a rail-infrastructure and an equipment utilisation study at the earliest.