PSUs called upon to compete with private sector in coal mine auction and production

The union minister of coal, mines and parliamentary affairs has urged the public sector undertakings (PSUs) to compete with the private sector in coal mine auction and early production.

In the National Coal Conclave and Exhibition-2022, he further pointed out that despite unprecedented increase in international prices, Coal India Limited (CIL) did not increase domestic coal price and stepped up coal proudction substantially in the recent past and managed to overcome coal shortage faced by thermal power plants. About 64 coal mines have been suceessfully auctioned so far under commercial auction launched in 2020. Further, efforts are in full swing to stop import of thermal coal by 2024 and incentives are being given for early production of coal under commerial auction.

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