 "Coal India, coal")
With the coal sector in the process of being opened to other commercial mining companies, government-owned Coal India (CIL) plans a three-pronged approach. One, to retain hold on prices by, among others, tuning its marketing toward long-term supply commitments. Two, commercialise its consultancy wing’s services. This apart, a diversification plan is on, to open new revenue streams.
The Centre is expected to open 10 coal blocks for private commercial mining bids. Sources suggest four blocks each in Odisha and Chhattisgarh and one each in Madhya Pradesh and Jharkhand. CIL presently has 413 mines, producing a little over 530 million tonnes annually.
A
