Coal India to hold swayCoal India to hold sway
Public sector miners Coal India and Singareni Collieries will dominate domestic coal production in the next 4-5 years, with commercial players likely to hold around 5-7 per cent share.
The government last month permitted 100 per cent FDI in coal mining.
The government has earmarked nine blocks to state-owned corporations in Chhattisgarh, Jharkhand, Maharashtra and Telangana in the latest round of allotment. According to analyst estimates, only around 2-3 blocks such as Tokisud, Patratu and Sayang in Jharkhand and Chhattisgarh are amenable to commercial mining.
“Our estimate is that 9 blocks will produce around 10-12 million tonnes per annum (mtpa). Of the blocks allocated earlier, 3 given to APMDC and WBMDTCL have made progress and are expected to produce around 14mtpa.
