The Narendra Modi government has decided to adopt a hands-off approach towards the transportation of coal from mines to non-government generating stations, in a move that is expected to hit private power companies like Reliance Power and the GVK Group.
According to people with direct knowledge of the matter, Central Coalfields Ltd (CCL), a subsidiary of Coal India, will no longer play in role in moving coal to ‘rail sidings’ for onward shipment to non-government power stations.
‘Rail sidings’ are low-speed track sections used for carrying shipments of goods.The Wire has learned that the Indian Railways, which is responsible for providing rakes for coal shipments, is also on board with the policy change. Read More
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