India opens up for coal export as CIL allows overseas trade for auctioned coal
India for the first time would export coal. Though Coal India (CIL) would not directly involve in exports, it would allow procurers, under the two auction windows, to export. The move is likely to be catalytic to CIL’s sales.
“ However, in case of export, the onus of complying with any law/government rules/ regulations/ statutory guidelines regarding export of coal shall lie solely with the buyer/ exporter,” the amended clause for spot e-auction says.
