Govt may allow sale of surplus coal in markets
To get around the shortage of domestic coal, Budget 2013-14 is expected to announce a far reaching change to make private sector produce more of the mineral.
Companies with coal blocks will be allowed to sell their surplus coal under a public-private-partnership model in the markets instead of selling only to Coal India. This will need an amendment to the Coal Mines (Nationalisation) Act, 1973, which the government will propose.
Publication Date:
27/02/2013