close

Coal mine auctioning may be restricted to commercial use to boost output

Govt also looking to privatise and split Bharat Coking Coal

Jyoti MukulShreya Jai New Delhi
Coal India share sale to employees receives a lukewarm response
Premium

With miners, which took coal blocks for own use, performing poorly, the government is planning not to auction mines to captive users. Instead, it will allot or auction rights only for commercial use of coal.
The allocation would be decided based on the production plan and revenue share to the government.
The Union ministry of coal is also looking at a proposal to privatise and split Bharat Coking Coal (BCCL) that holds lease to the Jharia coalfields. 
Or

Also Read

Meghalaya's coalgate scam: Coal barons, rat-hole mines & a complicit State

Four years on, auctioned coal mines still behind production target

State mines make hay, private peers struggle in e-auction of coal blocks

Captive coal mines overshoot target, total production up 8%

Odisha to act against 24 mines for not paying fines ordered by apex court

Economic Affairs Committee approves India's largest hydro-electric project

Should we reverse nationalisation of banks? 50 yrs later, the debate is on

Better business climate, trade norms will help India attract FDI: IMF

15th finance panel gets extension to examine defence funding mechanism

Govt clears 7 amendments to insolvency law; resolution plan binding on all

First Published: Jul 18 2019 | 12:27 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to read more on Business-Standard.com