Even as the country’s coal shortage is expected to increase to 81 million tonnes by March 2012 (the terminal year of the XI Plan) against the 51 million tonnes projected earlier, Coal India Limited (CIL), which accounts for 82 per cent of India’s coal output, has engaged KPMG Advisory Services for formulating its corporate plan.
The management consultant which was engaged in October 2009, had already identified six key areas that will support CIL to realise its vision, namely, managing scale of growth; improving operational efficiency; improving customer-orientation; expanding presence across coal value-chain; becoming employer of choice and focussing on environment and community through sustainable initiatives.
A timeframe of 18 months has been fixed for this initiative during which road map for improvement will be laid out, a CIL release said.
The vision of CIL is “to emerge from the position of domestic leader to leading global player in the energy sector by adopting best practices from mine to market with due care to environmental and societal sustenance.”
The exercise is aimed at bringing in the necessary transformation in the key areas identified to enable the coal behemoth sustain its role as the largest coal provider to the world’s fourth largest economy.
Sources said that it would identify areas of core competence while mapping its resources and assets and also identify new business opportunities.
It will formulate strategies for production for a company whose plans go awry for various extraneous factors, including land acquisition and forest clearance issues.
