Business
Coal India Considering Offering Over 100 Discontinued Or Closed Mines To Private Sector: Govt
Swarajya Staff
Feb 25, 2022, 09:28 AM | Updated 09:28 AM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
The government has said that Coal India Limited (CIL) is looking to offer more than 100 discontinued or closed mines to private sector on revenue sharing basis in due course of time.
The development comes after the Ministry of Coal on Thursday (24 February) held a stakeholder consultation on revenue sharing model for discontinued or closed mines of CIL with the private sector.
According to a ministry release, the consultation attracted "huge participation from the private sector like Essel Mining, Adani, TATA, JSW, JSPL etc and their enthusiastic support to the proposal".
The government is contemplating to partner Private Sector on Revenue Sharing Model to produce coal from discontinued or closed mines, the ministry said.
There are many mines which were discontinued or closed in the past by CIL due to several reasons and these could be reopened and productively brought into operation with the partnership of the private sector.
The ministry said that it was hopeful that collaboration with the private sector will enhance productivity, efficiency gains and will be able to produce additional coal required for the development of the country.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.