A Comprehensive Decision-Making Framework for Capital Investment in Coal Mining: Insights from Mahanadi Coalfields Ltd
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Abstract
Purpose: Investment decision-making is essential for shaping the trajectory of industries, especially in sectors with substantial impacts on national economy. Likewise, the coal industry, being the second largest contributor to world energy production and a major part of Indian economy, bases its operational and financial efficiency on investment decisions but rather considering the need for more strategize approach it still adapting the year-old traditional methods to investment decision making process which affecting the overall efficiency amid uncertainties, risks, and diverse criteria. These limitations motivated this study, that focuses on with insights from Mahanadi Coalfields Ltd., proposes a comprehensive framework for strategic investment decision-making in the coal mining sector and exampled with a case study.