Business Standard - Mumbai

Commercial coal mining to cut import bill by Rs.300 bn

Date: 07/03/2018 | Edition: Mumbai | Page: 04 | Source: Bureau | Clip size (cm): W: 4 H: 10

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Extracted Text data: Commercial coal mining to cut import bill by 1300 bn The decision to allow commercial coal miningwill not just boost production butalso help save T300 billion of imports through the substitution of imported non-coking coal with domestic production, said Crisil. The Cabinet Committee on Economic Affai rs recently approved the methodologyfor auction of minesfor sale of coal, underthisthe highest bidder would be given mining rights with no restrictions on end use. "The move to allowthe private sectorto commercially mine coal will boost both production and mining efficiency. Moreover, the substitution of imported non-coking coal with domestic production could save roughly T300 billion of coal imports," Crisil said. P114