With the private sector not allowed to do merchant mining of coal, the mine developer and operator (MDO) model is likely to dominate the Indian coal sector once all the mines allocated become operational in 5-6 years, official sources said.
Over 40 mines with an annual capacity to produce more than 500 million tonne of coal have been allocated to state and central governments besides public sector units through competitive bidding. These entities are likely to outsource the mining to MDO contractors, sources said.
Currently, coal for merchant mining is not allowed to the private sector and the only available route for them to enter the sector is through the mine developer-cum-operator route. Read More
Latest posts by The Times Of India (see all)
- Raw stock worth Rs35-40 crore for Train-18 lying in ICF yard - July 17, 2019
- IRCTC’s Magnificent Ladakh package is quite awesome, details here - July 16, 2019
- Rising fuel prices set market on fire - July 16, 2019