State-run Coal India told to reform as import prices slide

New Delhi

INDIA has a stark message for its national coal miner as global prices of the commodity slide: revamp operations at the world's biggest producer of the fuel or run the risk of struggling.

State-run Coal India Ltd needs to act because imports are becoming more affordable and the government is chipping away at the company's commercial monopoly, according to federal Coal Secretary Anil Swarup. Record recent output shows the organisation's capacity for change, he added.