The Hindu reported that India’s Coal Ministry is considering the requirement that surplus coal production would be sold to Coal India (BSE:533278).

As quoted in the market news:

Both the Planning Commission and industry had pleaded that the excess production, other than the allocated quota, should be allowed to be used by the captive miners to ease the dry fuel shortage situation. The Coal Ministry has sent the matter for the opinion of the Law Ministry and thereafter it would formally launch the policy aimed at bringing about transparency and accountability in execution of projects pertaining to captive coal mines.

Click here to read the full Hindu report.

india miners Coal Investing