Coal India Considering Offering Over 100 Discontinued Or Closed Mines To Private Sector: Govt
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.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.