Says was excluded from competition, there was a big problem of transparency; wants India to aim at becoming world's largest coal exporter
There is effectively no strict eligibility criterion for participating in the auction. The companies/joint ventures should be registered in India.
President, FICCI, Dr Sangeetha Reddy, Chairman Vedanta Group Anil Agarwal and Tata Sons Chairman N Chandrasekharan will also speak during the event
Coal India accounts for over 80 per cent of domestic fuel output
The scheme was launched in 2015-16 to make coal available to non-power consumers, including captive power plants
The government last week approved a methodology for commercial mining of coal on revenue sharing basis
These could include the much-talked-about proposal allowing commercial coal mining and may also include an ordinance on freeing up inter-state trade in agricultural commodities.
Auctioned mines will now entail reduced upfront payment; coal ministry has also introduced incentive for early production
In February, JSW Energy said it would acquire GMR's Kamalanga power project (1,050 Mw) in Odisha for Rs 5,321 crore.
The privatisation of distribution in Union Territories is a positive move by the government, says Prashant Jain, joint MD & CEO of JSW Energy
The government would do better to create a market for natural gas
The Centre had termed the move of opening up of commercial coal mining for the private sector as the most ambitious coal sector reform
This move gains significance as the new private entities are now going to form a significant part of the future
The ministry of coal's five-year vision plan for FY19-24 did not accounted for any production from commercial miners
The government failed to open the industry to competition, despite liberalisation of the economy years ago
The story of Adani and its Australian project illustrates why the world keeps burning coal despite its profound danger
The government last year allowed private companies to mine the fossil fuel for commercial use, ending the monopoly of state-owned CIL