From the era of experiencing major coal shortages, India presently boasts of surplus coal as production of coal increased to 554 million tonnes in 2016-17 from 462 million tonnes in 2013-14.
The Minister said that the Government is fast opening up the coal sector to competition in near future and private miners would be coming into the sector to bring in competition. He also said that we are working towards bring linearity in pricing of coal between lower and higher grades.
Encouraging stakeholders of power and sectors to work on a Mission Mode to serve the masses and make India self reliant in coal reserves, Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal said on Wednesday that the “Difference between the Possible and Impossible lies in a Man’s determination.”
The Ministry of Coal expects to discover market-determined prices for coal for the first time in the country after it allots 16 coal mines to State government-owned
An unfazed Goyal continued with his presentation, taking questions soon after he released the book titled “Ujjwal Bharat two years.”