It is important to understand that while breaking up monopolies is perceived as anti-market and an imposition of the regulatory state, it can just as easily prove a boon to the corporate Establishment.
Breaking up a nationalised public-private monopoly is a means of extending privatisation. Union contracts are negated and can be dismantled. It's yet another application of divide and conquer.
Like the breakup of Standard Oil in the United States, the highest echelon of stockholders actually benefitted from the break-up. A diversified portfolio and the ability to own slightly larger portions of individual companies actually generated even greater dividends.
I don't know enough about the Indian stock market but if they run their stock Initial Public Offerings (IPO's) like Wall Street, then a segmented Coal India affords a tremendous opportunity to generate money on an even greater and multiplied scale than the 2010 IPO. Through a quick-turn of stocks, literally millions can be made in just a few hours on opening day. It's money from nothing, the magic of finance capital.
Modi is shaking up India. Its economy is astir as he's sought to implement currency reforms, break cycles of corruption and implement Neo-liberal and market friendly economics. He's the darling of the West and has embraced US foreign policy vis-à-vis China and Central Asia. And yet, Modi's party the BJP is also flirting with fascism in the form of Hindutva ideology. Already Christians are suffering at the hands of both the Indian Establishment and the RSS paramilitaries employed by Modi's affiliates.
As I've mentioned elsewhere, Christians in the United States are quite literally cashing in on the dividend-fruits of Indian investment, making money via the government and system that is leading to the persecution of their brethren.