New Coal Sale Policy Likely To Be Uncovered Within A Week

Kolkata: A CIL top functionary stated that the coal ministry has nailed down the new coal distribution plan that would be brought out by next week with a few modifications in the e-auction method.

Partha S Bhattacharya, Coal India Ltd chairman said that the administration is scheduled to reveal the fresh coal sale policy within a week.

This will reinstate e-auction of coal after it was banished since December 2006 accompanying exploitation and emergency of coal for core segments. At present, e-booking is followed up to sell coal in the open market by CIL.

The sources told that it has been recommended in the new plan that the subsisting core and non-core divisions be sorted out into regulated and other spheres for the purpose of prioritising coal delivery.

Bhattacharya stated that the responsibility on CIL will swell in the new system. CIL will be responsible for supply that had to be fulfilled even through imports to save up coal for future use.

The new rule was suggested by an inter-ministerial group constituted by the coal department abiding by a Supreme Court ban order on e-auction of coal by CIL.

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