Launch of commercial coal auction was like a fresh breeze to the entire coal sector by bringing transparency, ease of doing business, investment opportunities, and helping open the sector.Įnd use restrictions for utilization of coal were removed, 100% FDI was allowed for more investment and healthy competition. Hon’ble Prime Minister launched the auction for Commercial Coal Mining in 2020. Coal linkage was extended to power sector under SHAKTI policy for just and efficient distribution of coal.ĭawn of a New Era: Commercial Coal Auction In order to ensure availability of coal to the power sector, the government introduced Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India (SHAKTI) policy in 2017. A total of85 coal blocksstand allocated – including auctioned and non-auctioned blocks, with a total Peak Rated Capacity (PRC) of 440.6 MT. 35 coal blocks have been successfully auctioned through these tranches. CMSP enactment played a vital role in ensuring availability of coal for sectors such as steel, cement, and power utilities, which are necessary for the development of the country and to augment coal production by transparent allocation of coal mines through auction.10 tranches of auctions have been held between 2015 to 2020. The Coal Mines Special Provision Act was enacted in 2015, putting an end to the decades of malpractices and arbitrary allocation of resources. Coal is the very source from where India gains its strength.īehind the record numbers of electricity connections provided in the last eight years, behind the industrial and manufacturing sector operating non-stop 24 x 7, behind the economy’s stellar performances, Coal has played the role of industrial backbone.įrom darkness of opacity towards Boosting TransparencyĪ slew of policy interventions and bold steps, since 2014, have helped the Indian coal and mineral mining sector grow in a responsible, sustainable & industry friendly manner. Because of our positive reforms, today we are well equipped and confident to face this situation and turn challenges into opportunities.The achievements and contribution of the coal sector to fulfil India’s energy needs are significant. India’s energy and industrial ecosystem are witnessing extraordinary scenario today.With scorching heat waves, record-breaking temperature, and industries booming with a promising economic recovery after the global pandemic, there is an unprecedented growth in the power demand. Coal sector of India, however, saw major development and reforms only in last 8 years.
Indiahas come a long way in the past 75 years.
In the 75 th year of independence, Hon’ble Prime Minister has given us a call to come together and celebrate Azadi ka Amrit Mahotsav and make it a mass movement.