Coal India Ltd (CIL) is exploring moving to other pastures for growth. View Full Image Under pressureWith the focus on self-reliance and the government looking at expanding renewable energy, the diversification away from coal becomes crucial. That’s also partly because environmental, social and governance concerns have been huge factors influencing coal production and usage in recent times. Analysts at Motilal Oswal Financial Services said: “This is not the first announcement from Coal India with regard to a possible diversification. Nevertheless, with power demand on the rise post the lockdown, a slow recovery is being seen for Coal India.

Source: Mint December 30, 2020 23:48 UTC