Coal department mulling collaboration with railways

Image
IANS Kolkata
Last Updated : Jan 16 2015 | 10:10 PM IST

Expressing concern over evacuation of coal from mines, union Coal Secretary Anil Swarup Friday said his department is drawing up a plan for an agreement with railways authorities for the purpose.

"Much of the problem is evacuating the coal. There is much coal and there is so much demand but we are unable to mine or evacuate it to the point where it is to be used. In this context, we have identified more than 50 such projects and I have written a letter to the chairman of the railway board last week," Swarup said on the sidelines of an event organised by MCC Chamber of Commerce and Industries here.

He said the feedback from railways authorities is awaited and a meeting is likely in late January to take the discussion forward.

"We are open to set-up joint-ventures for special process vehicles making these ventures into independent profit centres and they could be executed quickly.. We'll come up with a roadmap on how we'll do it," he said.

The secretary said railways has the expertise to advise the coal department on the viability of the projects to evacuate coal.

The coal department has framed a plan to address the issues in Coal India-owned mines to step up production - which led to the idea of forming collaboration with railways coming up.

Swarup said Coal India have worked out a minewise plan with regard to what are the bottlenecks are, how they could be overcome, who will do it and by when it will be done. "It is a very comprehensive strategy," he said.

Asked over alternate means of logistics, he said waterways might be considered when the infrastructure in this sector improves; however, it is not on the agenda presently.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 16 2015 | 10:04 PM IST

Next Story