Tag: coal privatisation

THE GOVERNMENT is contemplating opening up coal advertising, Coal Secretary Anil Kumar Jain mentioned on Thursday. Currently, manufacturing by Coal India is allotted by way of numerous completely different strategies, together with a number of sector-based auctions and coal linkages based mostly on suggestions by the Union authorities, and Fuel Supply Agreements (FSAs).
India produced about 729 million tonnes of coal and imported about 248 million tonnes within the earlier fiscal. Coal India accounts for over 80 per cent of home manufacturing. “It’s about time that coal marketing was opened up. All the knots, which have tied up coal linkages, PPAs, FSAs and bidding have to be opened up,” mentioned the secretary, including the liberating up of coal advertising would give an assurance to patrons that they are going to have the ability to get the product, if they need it, with out having to undergo a number of processes.
The authorities, in June 2020, opened up coal mining for industrial use.