 "Photo: Shutterstock")
India’s experiment with commercial mining of coal could face a red flag from the industry, which is concerned about the regulated market and stiff competition from state-owned Coal India (CIL).
Since the industry is expecting only smaller mines to be offered by the Centre, it’s likely that the bigger players might give it a miss.
The coal ministry recently announced it will offer four coal mines to kick-start private commercial mining and sale of coal.
Amendments to the Coal Mines (Special Provisions) Act, 2015, allowed commercial mining in the coal sector after a hiatus of 42 years.
Since the industry is expecting only smaller mines to be offered by the Centre, it’s likely that the bigger players might give it a miss.
The coal ministry recently announced it will offer four coal mines to kick-start private commercial mining and sale of coal.
Amendments to the Coal Mines (Special Provisions) Act, 2015, allowed commercial mining in the coal sector after a hiatus of 42 years.
