In November last year, the government had approved a 10% stake sale of Coal India.
Facing a strike threat from workers' unions over the divestment issue, Coal India management has assured trade unions that it will take up the matter with the government.
"Policy-related decisions like disinvestment in Coal India Ltd (CIL)... will be taken up at the government level," Coal India management apprised a delegation of four trade unions in a meeting on Thursday.
Demanding withdrawal of the disinvestment process, or de-nationalisation of the world's largest coal miner, workers affiliated to four unions Indian National Trade Union Congress (INTUC), Hind Mazdoor Sabha (HMS), All India Trade Union Congress (AITUC) and Centre of Indian Trade Unions (CITU) had slapped notice of a one-day strike/agitation on March 29.
Indian National Mineworkers Federation Secretary General S Q Zama said Coal India management convened the meeting with four central trade unions following a joint notice dated January 27 by central trade unions -- INTUC, HMS, AITUC and CITU -- for agitation or one-day strike on March 29.
ALSO READ: Coal India's 10% stake sale may defer to next fiscal
Trade unions are also demanding to grant infrastructure status to the coal industry, blanket exemption against the deployment of contract workers under prohibited category jobs, etc., which will be taken up at the government level.
As for Coal India-related issues, the consensus emerged that all sub-committees of the Joint Bipartite Committee on Coal Industry (JBCCI) will be reactivated and concluded before June 30.
In November last year, the Cabinet had approved 10% stake sale in Coal India. The government at present owns 79.65% stake in the company. The 10% stake sale in Coal India is likely to be deferred to the next fiscal as the government wants to wait for market stability for a better valuation, an official had said earlier.
On Friday, at 0958 hours, the shares of Coal India were trading down 1.34% or Rs 4.25 at Rs 313.05 on the BSE.
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