The Government of India with an aim to reducing dependence on imported coal and auctioning long-term coal linkages to power companies recently approved a long-awaited coal linkage policy, which provided a breather to the thermal power sector.
As coal availability is not adequate in India and international prices are high compared with domestic prices, the government is going in the right direction. Also, the government is aiming to bring down thermal coal imports of power PSUs this financial year to “zero”. This should reduce the country’s import bill by around Rs 17,000 crore. Read More…
Credit By : The Economics Times
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