Coal India considers private sector to run discontinued mines
India is considering partnering with private companies to operate mines which have been previously shut or production discontinued by state-run Coal India Ltd, the federal coal ministry said in a statement on Thursday.
Coal India, which accounts for over 80% of India’s output, was looking to offer more than 100 such mines to the private sector on a revenue sharing basis in “due course of time,” the coal ministry said.
The ministry said it had held a consultation meeting, which it said attracted “huge participation” from companies including Essel Mining, Adani Enterprises, Tata Power, JSW and Jindal Steel.
