Latest News | CIL Looking to Offer over 100 Closed, Discontinued Mines to Private Sector
Get latest articles and stories on Latest News at LatestLY. State-owned CIL is considering offering more than 100 closed, discontinued mines to the private sector on revenue sharing basis in due course of time, the coal ministry said on Thursday.
New Delhi, Feb 24 (PTI) State-owned CIL is considering offering more than 100 closed, discontinued mines to the private sector on revenue sharing basis in due course of time, the coal ministry said on Thursday.
The ministry is hopeful that the collaboration with the private sector will enhance productivity and lead to production of additional dry fuel required for the development of the country, it said.
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"The Ministry of Coal held a stakeholder consultation on revenue sharing model for discontinued/closed mines of CIL here today with the private sector," the statement said.
The consultation attracted huge participation from the private sector like Essel Mining, Adani, TATA, JSW and JSPL and their enthusiastic support to the proposal.
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There are many mines which were discontinued/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 above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)