Coal India not to be privatised: Joshi

    Indian coal minister  Pralhad Joshi assured that the government does not intend to privatise state-owned Coal India Ltd. He said “The Government of India does not intend to privatise Coal India Ltd. Instead, the government is strengthening CIL and will continue to do so. Government has announced an investment of INR 50,000 crores under Aatmanirbhar Bharat Abhiyan to create and develop infrastructure facilities for Coal India. It will help Coal India achieve 1 billion tonnes coal production target by 2023-24.”
     The statement comes in the wake of government opening up coal mining for the private sector and stating that the commercial mining will be done on revenue sharing mechanism instead of fixed rupee/tonne.