New Delhi: Former Coal IndiaNSE -0.16 % chairman Partha S Bhattacharyya has asked the Centre to withdraw a proposal to do away with mandatory coal washing as it would be a “retrograde” step.
He flagged that the inability of the PSU to implement its promise of supplying washed coal has led to the erosion of around Rs 1.25 lakh crore in market valuation in 10 years to 2019-20.
The Centre is planning to do away with the mandatory requirement of washing of coal before it is transported to thermal power stations.
