Consider investing in coal, provide financing to mines: Centre asks REC
The coal ministry has urged REC to consider investing in the coal sector and provide financing to mines which would assist in faster operationalisation of the same.
REC is a state-owned non-banking finance firm.
Speaking at a workshop on ‘Customised Debt-Financing for Commercial Mining & MDOs’ in the national capital, coal additional secretary M Nagaraju said the sector is becoming robust and responsible.
He said the coal ministry is taking various measures to meet the demand of the dry fuel and has auctioned 91 coal mines for commercial use in the last four years.
