Coal India Ltd (CIL) has no plans to give up any coal blocks for commercial mining, CIL Chairman Pramod Agrawal said on Thursday, noting that the PSU would continue to be viable in the competitive era of coal mining. The Centre had announced the commercialisation of coal as part of the Atmanirbhar Bharat plan. Prime Minister Narendra Modi had announced the first auction of coal blocks for commercial use last week. Earlier, only end-users of coal such as power and steel companies were permitted to bid for coal blocks.
“There is no proposal to give away any CIL block for commercial mining, so there is no cause for concern,” said Agrawal, adding the company had sufficient blocks with abundant resource capacity to continue as a commercially viable entity in the “competition era.
