CIL is gearing up to produce 1 bn tn coal per annum by 2020: Coal Secretary

Swarup said the process of rationalization of coal linkages is imperative for cost effectiveness and efficient utilization of the national wealth.

Dec 11, 2014 08:12 IST India Infoline News Service

Coal Secretary assured that Coal India Limited (CIL) is geared up to ramp up the production of coal from the present level of about 450 million tonnes to 1 billion tonnes per annum by 2020, said at an ASSOCHAM interactive session held in New Delhi.

Addressing the members of The Associated Chambers of Commerce and Industry of India (ASSOCHAM) on Coal Mines (special provisions) Ordinance 2014, Anil Swarup, Secretary of Coal informed that “a clearer picture on the bidding process would emerge in 2 -3 days time”.

Swarup further said that the process of rationalization of coal linkages is imperative for cost effectiveness and efficient utilization of the national wealth. He further said, “Ministry of Coal is in consultation with railways for development of new railway lines and strengthening the existing rake capacity for smooth evacuation of coal”. 

Secretary of coal further added, “we are quite optimistic to raise the production level of coal in the country to 1.6 billion tonnes per annum out of which private players would be contributing around 0.6 billion tones by 2020. 

Swarup assured members that apart from the Schedule-II and Schedule-III Mines, the other coal blocks are also being worked out for auction purpose. He also stated that in order to address further grievances which might arise on account of allocation through the bidding process, a Coal Project Monitoring Group (CPMG) would be constituted soon, said coal secretary. Other who also spoke during the conference were Mr. Anil K Aggarwal, former President ASSOCHAM, Babu Lal Jain, Sr. Member ASSOCHAM and Sr. members from coal mines.  

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