By Our Correspondent
BHUBANESWAR/NEW DELHI: The Naveen Jindal led Jindal Steel and Power Limited and Sajjan Jindal led JSW Steel, among major private players, have shown interest for Coal India Ltd’s closed Coal Mines on Revenue Sharing Model.
Besides, JSPLand JSW, Tata Group, Adani Group and Aditya Birla Group’s Essel Mining and Industries Limited also in the race, Coal Ministry sources said. Coal India Ltd considering offering more than 100 such coal Mines to private sector.
The Ministry of Coal held a stakeholder consultation on revenue sharing model for discontinued/closed mines of CIL in New Delhi with the private sector.
The consultation has attracted huge participation from the private sector like JSW, JSPL, Essel Mining, Adani, TATA, etc. and their enthusiastic support to the proposal. The Government is contemplating to partner Private Sector on Revenue Sharing Model to produce coal from discontinued/closed mines.
There are many mines which were discontinued/closed in the past by CIL due to several reasons and these could be reopened and productively brought into operation with the partnership of the private sector.
Ministry of Coal is very hopeful that collaboration with the private sector will enhance productivity, efficiency gains and will be able to produce additional coal required for the development of the country. CIL is looking to offer more than 100 such mines to private sector on Revenue Sharing basis in due course of time.
