Union coal minister Prahlad Joshi on Wednesday said that his ministry was not keen to acquire any coal assets abroad and aims to produce the required quantity in India instead to protect foreign exchange outflow. The country imported 235 million tonne last year and forked out 27.1 lakh crore. \u201d We want to cut on our import bill,\u201d Joshi said.<\/p>\n
While Coal India ( CIL) is in looking for assets in Russia, Canada and Australia, the minister\u2019s statement has blown up a controversy whether it was against the decision of the ministry that CIL was in pursuit for assets abroad. \u201cWe are not thinking to acquire coal assets but we only want to freeze the order in advance to get coal at competitive prices,\u201d Joshi said at the eighth Asian Mining Congress. However, CIL officials later clarified that CIL was only looking for coking coal assets abroad and was neither looking for any thermal coal assets nor it was keen to acquire any.<\/p>\n","protected":false},"excerpt":{"rendered":"
Union coal minister Prahlad Joshi on Wednesday said that his ministry was not keen to acquire any coal assets abroad and aims to produce the required quantity in India instead to protect foreign exchange outflow. The country imported 235 million tonne last year and forked out 27.1 lakh crore. \u201d We want to cut on our import bill,\u201d Joshi said. While Coal India ( CIL) is in looking for assets in Russia, Canada and Australia, the minister\u2019s statement has blown up a controversy whether it was against the decision of the ministry that CIL was in pursuit for assets abroad. […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[198,130,138],"tags":[],"class_list":["post-299885","post","type-post","status-publish","format-standard","hentry","category-coal-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/299885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=299885"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/299885\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=299885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=299885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=299885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}