scorecardresearch
Follow Us:
Friday, May 20, 2022

Govt planning to open up coal marketing to streamline process

India produced about 729 million tonnes of coal and imported about 248 million tonnes in the previous fiscal. Coal India accounts for over 80 per cent of domestic production.

By: ENS Economic Bureau | New Delhi |
January 22, 2021 4:38:03 am
Gujarat Assembly, Gujarat Congress, Commissioner of Geology and Mining, 212.46 crore mining, gujarat news, indian expressThe Congress also alleged that while the flying squad caught theft of Rs 212.46 crore, there were only 10 instances where criminal cases were registered.

THE GOVERNMENT is considering opening up coal marketing, Coal Secretary Anil Kumar Jain said on Thursday. Currently, production by Coal India is allocated through a number of different methods, including multiple sector-based auctions and coal linkages based on recommendations by the Union government, and Fuel Supply Agreements (FSAs).

India produced about 729 million tonnes of coal and imported about 248 million tonnes in the previous fiscal. Coal India accounts for over 80 per cent of domestic production. “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,” said the secretary, adding the freeing up of coal marketing would give an assurance to buyers that they will be able to get the product, if they want it, without having to go through multiple processes.

The government, in June 2020, opened up coal mining for commercial use.

 

Best of Express Premium

DU’s Hindu College professor arrested for post on ‘Shivling&#...Premium
UPSC CSE Key – May 20, 2022: What you need to read todayPremium
On trial MVA govt as BJP, Centre take on each other in courtsPremium
Explained: The Krishna Janmabhoomi case in Mathura, and the challenge to ...Premium

For all the latest Business News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard
Advertisement
Advertisement
Advertisement
Advertisement