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CIL to Remain Dominant Player despite Commercial Coal Mining

Coal News - Published on Tue, 23 Jun 2020

Image Source: Coal Block Auction
Coal India Limited doesn’t view commercial mining as competition since 54% of the country’s entire coal resource of 319 billion tonne would remain under its control as also having an edge over other companies with ready mechanism for quality and timely supplies. CIL chairman and managing director Pramod Agarwal said “Commercial coal mining is not going to adversely impact the production or profitability of the company. Key issues which will help improve to stay ahead of the competition include uniform quality of coal, cost efficiency in production and reliable timely delivery schedule. Introduction of higher degree of mechanised mining and increased supplies are other focus points. The company is confident of retaining its flagship position as the country’s leading coal producer, notwithstanding the opening up of the coal sector to private players for commercial mining.”

He allayed apprehension that the entry of private entrepreneurs in commercial coal mining operations may shrink CIL’s role. He said “Commercial mining complements our efforts in shoring up the country’s indigenous coal output. It would not unsettle us.”

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Posted By : Yogender Pancholi on Tue, 23 Jun 2020
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