Union Minister for Shipping and Surface Transport Nitin Gadkari, Union Minister for State for Fertilizers Hansraj Ahir and myself will make a presentation before the Prime Minister, Goyal, who is the Minister for Coal and Renewable Energy, told reporters here.
He said the idea was floated by Ahir and the Coal Ministry will take it up.
"Fertilizer plants will be set up in coal bearing areas to be identified later", he said, adding that once the concept is through, the Ministry will process the proposal.
He, however, said CIL has set a target of 550 MT during the current fiscal which they will achieve.
"CIL has achieved one per cent growth and produced 32 MT coal additionally. Our target is to achieve 50 MT," he said.
Goyal was all praise for CIL subsidiary, Western Coalfields Limited for sustained development and opening 10 mines in this fiscal.
They will not only achieve a target of 24 new mines in 24 months but also this year's target of 45 MT coal production, he added.
On LED bulbs, Goyal said as on today 2.14 crore units have been sold at a minimum price of Rs 90 against the purchase price of Rs 310.
The target of selling LED for next year is 15 crore bulbs, he added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
