Question : DISINVESTMENT PROPOSAL OF CIL



(a) whether the Coal India Limited (CIL) proposes to dilute its holding by offering 5% stake in the open market with a similar share of 5% to its employees;

(b) if so, the details thereof and the reason therefor;

(c) whether the Government/CIL has received objections from trade unions and other stakeholders in this connection;

(d) if so, the details thereof and the reaction of the Government thereto; and

(e) the time by which the proposal is likely to be implemented?

Answer given by the minister



MINISTER OF STATE FOR COAL (SHRI PRATIK PRAKASH BAPU PATIL)

(a) to (b) So far no such decision has been taken for further disinvestment in Coal India Limited (CIL).

(c) 5 (five) Central Trade Unions operating in Coal Industry i.e. INTUC (Indian National Trade Union Congress), AITUC (All India Trade Union Congress), BMS (Bharatiya Mazdoor Sangh), HMS (Hind Mazdoor Sabha) & CITU (Centre for Indian Trade Union Congress) gave Notice dated 24th June, 2013 and 05th July 2013 to the Hon’ble Minister of Coal, against future 10% disinvestments in CIL along with other demands. Chairman, Coal India Ltd. has received a Strike Notice dated 18.08.2013, signed by same 5 Central Trade Unions for proceeding on three days strike w.e.f. 23rd to 25th September 2013.’;

(d) In response to the aforesaid Notice of 5 Central Trade Unions, the Hon’ble Ministry of Coal convened meeting with these Central Trade Unions on 08.07.2013, 28.07.2013 & 30.07.2013 to make a consensus on the issue of disinvestments. One meeting was also convened at the level of Coal India Limited on 05.08.13 on the issues pertaining to Coal India Ltd. & its Subsidiaries. As regards strike notice dated 18.08.13, all the necessary steps are being taken to maintain cordial and harmonious industrial relations.

(e) Does not arise in view of (a) above.