Coal ministry readies host of reforms for the next five years

The ministry plans to float a note for the Union Cabinet's approval by February and kick-start the new auction process by the middle of next year

After opening up the coal mining sector to the private sector and taking steps to boost domestic coal production, the Ministry of Coal is now readying marketing, quality, and environment reforms in the sector. The ministry is drafting a new set of key performance indicators for the next five years.

The five-year action plan, reviewed by Business Standard, proposes to introduce marketing reforms early next year. The ministry plans to launch ‘one nation-one grade-one rate’ by clubbing different coal auctions into a single auction window. This is the coal offered by Coal India (CIL) and its subsidiaries in the open market.

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