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Coal India plans tech overhaul to check widespread theft

Move spurred by government's impending opening up of the sector to private firms
Friday, January 15, 2016 - 05:50

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Coal India's productivity is estimated at one-eighth of its rivals in the US and as much as a fifth of its annual output is stolen, costing the company up to US$1b each year.

New Delhi

COAL India Ltd is making its biggest tech overhaul in four decades to check rampant theft and shed its image as an inefficient behemoth, spurred by an impending opening up of the sector to private firms for the first time since the 1970s.

The state-run company's monopoly

sentifi.com

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