New Delhi, February 18 (HS): The Ministry of Coal will organise a roadshow in Kolkata on Wednesday on Commercial Coal Mine Auction and Opportunities in Coal Sector. The event aims to bring together investors, industry giants, mining experts and policy makers, providing a dynamic platform to explore transformational opportunities in the country's coal sector.
According to the Ministry of Coal, this roadshow is committed to highlighting the wide range of opportunities available in the coal sector, inspired by significant government reforms aimed at streamlining processes, increasing transparency and providing a level playing field for all stakeholders. The event will provide detailed information about the upcoming commercial coal mine auction as well as discuss investment possibilities and provide information on the long-term benefits of participation in India's growing coal sector.
The roadshow is an excellent platform for stakeholders to network and learn about the regulatory framework, streamlined approval processes and the Ministry’s efforts to promote an investor-friendly environment in the coal sector. The Ministry is committed to ensuring that the coal industry remains globally competitive, thereby creating better conditions for both domestic and international investors seeking to tap the opportunities in India’s energy landscape. The event provides a unique opportunity for participants to connect with key decision makers, gain valuable insights on future coal sector trends and explore collaborative ventures that can shape the future of the country’s energy and mining sectors.
Some of the key reforms in commercial coal mine auctions include, reduction in earnest money and tender security amount, making participation more financially accessible. Allowing abandonment of part of coal mine for partially explored blocks, providing greater flexibility in operations. Relaxation in performance security for underground coal mines, encouraging investments in underground mining. No barriers to entry will ease participation, ensuring a more inclusive auction process. Complete flexibility in coal use, allowing companies to use coal for any purpose as per their business needs. Customised payment structure and incentives for quick production.
The Ministry of Coal says it is committed to promoting development, investment and sustainable growth in India's coal sector and looks forward to a successful roadshow. This will be an important step towards promoting development, investment and sustainable growth in the country's coal production and the use of clean coal technology, efficiency and sustainability.
Hindusthan Samachar / Jun Sarkar
