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Motilal Oswal Report
Coal India Ltd. has offered to re-open 20 previously closed/abandoned mines in partnership with the private sector. The methodology is the same as commercial mining. The mines will be auctioned on a revenue sharing basis.
The highest bidder can mine using green mining technology and can sell the coal at market prices under a transparent mechanism. Related-party transactions are not allowed.
The objective is to offer mines that are not commercially viable for Coal India, but can be mined by the private sector.
This will help reduce the coal deficit in India, which as per the Ministry of Coal is currently pegged ~25 million tonne. If successful, Coal India will offer an additional 100 mines.
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