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Indian Coal Minister Promises not to Privatise Coal India

Coal News - Published on Tue, 19 May 2020

Image Source: Coal Mining India
Indian coal minister Pralhad Joshi assured that the government does not intend to privatise state-owned Coal India Ltd. He said "The Government of India does not intend to privatise Coal India Ltd. Instead, the government is strengthening CIL and will continue to do so. Government has announced an investment of INR 50,000 crores under Aatmanirbhar Bharat Abhiyan to create and develop infrastructure facilities for Coal India. It will help Coal India achieve 1 billion tonnes coal production target by 2023-24.”

The statement comes in the wake of government opening up coal mining for the private sector and stating that the commercial mining will be done on revenue sharing mechanism instead of fixed rupee/tonne.

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Posted By : Yogender Pancholi on Tue, 19 May 2020
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