Industrial Metals

The Economic Times reported that industry body CII is pushing for private companies in India to be allowed to sell their coal on the basis that it would make the nation’s coal sector more competitive. It is also calling for the creation of an independent coal regulator.

The Economic Times reported that industry body CII is pushing for private companies in India to be allowed to sell their coal on the basis that it would make the nation’s coal sector more competitive. It is also calling for the creation of an independent coal regulator.

As quoted in the market news:

‘The coal sector should be de-regulated and private miners should be given the right to sell the coal they mine, upon de-nationalisation,’ CII said its report on Bulk Mineral Allocation methodology

‘This will add an option value to the blocks being allocated. This would also be a mechanism for creating competition in case of de-nationalisation of the coal sector,’ it added.

Click here to read the full report from The Economic Times.

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