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Tuesday, Mar 25, 2003

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State PSUs can take up coal mining outside

Ambarish Mukherjee

NEW DELHI, March 24

IN a move that could revolutionise coal production in the country, the Centre has decided to allow State Government undertakings to undertake coal mining outside their State boundaries and also to sell it in the open market anywhere.

This will mean that States which do not have any substantial coal reserves can actually set up their own coal producing companies and start operations in coal-rich States such as Bihar, Jharkhand and West Bengal, Government sources said.

As of now, Coal India enjoys a monopoly over coal production in the country. The move to allow State Government companies to mine coal in other States will bring in more players in the coal sector and will also increase the availability of coal.

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