Latest News | Coal Ministry Constitutes Panel to Review, Benchmark Timelines for Proj Execution
Get latest articles and stories on Latest News at LatestLY. The Coal Ministry on Friday said it has constituted a panel to review and benchmark the timelines in project execution, including tendering process by examining tenders having a value of more than Rs 300 crore of CIL, its subsidiaries and other PSUs.
New Delhi, Oct 1 (PTI) The Coal Ministry on Friday said it has constituted a panel to review and benchmark the timelines in project execution, including tendering process by examining tenders having a value of more than Rs 300 crore of CIL, its subsidiaries and other PSUs.
The committee has been set up with a view to suggest a robust and efficient set of timelines and whether statutory clearances may be obtained prior to issuing tender, the coal ministry said in a statement.
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"The Ministry of Coal has set up a committee today under the chairmanship of Joint Secretary & Financial Advisor comprising of representatives from NTPC, IOCL, PGCIL and Director (T), ECL as member secretary for review and benchmarking the timelines in project execution including tendering process by examining tenders having value of more than Rs 300 crore of CIL (Coal India), its subsidiaries and other PSUs," the statement said.
Coal India accounts for over 80 per cent of domestic coal output. The company is eyeing one billion tonnes of production target by 2023-24.
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(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)