Ministry of Coal has proposed to institute a study on restructuring of Coal India Limited in line with the recommendations of the T L Shankar Committee on Road Map for Coal Sector reforms, Accordingly, Ministry of Coal had floated an Expression of Interest (EOI) for engaging consultants for restructuring Coal India to strengthen coal development in the country. Out of 17 applications received in response to the EOI , 9 companies were shortlisted and the Request For Proposal (RFP) was issued to them. Out of them, 7 companies submitted the technical and financial bids covering inter-alia the objectives and scope of work projected in the EOI. After final evaluation, the study on restructuring has been assigned to the lowest bidder on September, 25, 2013.
T.L.Shanker Committee had recommended restructuring of CIL keeping in view the rapidly increasing demand for coal and the need for enhancing coal production and to make the coal industry competitive in the rapidly changing economic scenario.
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