Ministry Of Coal finalizes Action Plan for 2022-23 Focussing On 15 Crucial Areas

10 Jun 2022 , 02:38 PM

The Ministry of Coal has finalized an Action Plan Document for the year 2022-23. The areas covered step up the major reforms done in the last few years and also give direction for covering and meeting the existing and the emerging challenges of the Coal Sector and aligns itself well with the emerging technologies and diversification thrust of the Coal Sector. The Action Plan covers the entire gamut of areas for steering the Coal Sector into new technologies while focussing on the core competence of increasing production targets. Coking Coal Mission had been launched by the Ministry for enhancement of coking coal production from 45 Million Ton in 2020-21 to 140 MT by 2029-30 which includes 105 MT from CIL. The Futuristic Agenda includes- Coal to Chemical: Syn Gas, Hydrogen Gas, Liquid fuels, Chemicals and fertilizers, CIL – diversify its business and explore prospects in sunrise industries electric charging pods, EVs etc., acquisition and mergers of similar or new business after due diligence, media campaigns and close monitoring of CSR activities. Powered by Capital Market – Live News