CIL ropes in KPMG for ‘Vision 2030’

Source: The Hitavada      Date: 08 Jul 2017 10:09:40


KOLKATA,

July 7,

(PTI),

MNC consultant KPMG is being roped in by Coal India for a business roadmap plan ‘Vision 2030.’ “We have selected KPMG  for 'Vision 2030' plan in which all options remain open at a time when coal demand are subdued and uncertainty looms over it in the long run,” Coal India officials said.

KPMG will submit its report in 14 weeks after the formal contract award. KPMG had prepared ‘Vision 2020’ besides a few other assignments for Coal India. Coal India invited bids for ‘Vision 2030’ because coal is likely to decline in country’s energy mix with big boost to renewables.

Power plants account for over 80 per cent of coal demand in the country and is now is showing signs of stagnation in demand. Coal India is now looking at diversifying into related energy fields like renewables. Possibility of it entering into mining, metals and minerals are not ruled out.