Coal India proposes to disinvest up to 15 percent stake. This will pave the way for the largest coal company of India to become a Public Ltd company.The coal minister Sri Prakash Jaiswal said in New Delhi that the process for the disinvestment is soon and it will be completed in six months time.The chairman of the company Mr. P S Bhattacharyya added that the company will adopt a resolution in a month or two in this regard.AIR correspondent reports that a proposal would soon be forwarded to the cabinet for the purpose .Out of the 15% disinvestment 10% equity is going into the proposed IPO of the PSU and the rest 5% will be utilised to offer stocks to employees and those who have lost land for the mines.The department of disinvestment had last month sought clarification from the coal ministry on the proposal after the cabinet nod it will pave way for an early listing of the India's largest coal producer.The firm, has a paid-up equity of 6,300 crore rupees and has been given the navratna status in October 2008 .Coal India produced about 403 million tonnes of coal in the last fiscal.The company aims to increase production by 7.5 per cent to 435 million tonnes by the end of the current financial year.