Pvt investors, CIL, govt exploring ways to make coal mining more bankable

The challenge for the companies is how to make the banks finance the projects

In the middle of the non-stop heat blast raging across North India since the end of March, leading mining companies, including Adani Enterprises, Vedanta and Essel Mining, have informed the coal ministry that they will be keen to add sizable chunks of investment to expand coal production. This means they will need more bank financing — marking a reversal of the climate change programme. And the government is keen to walk the extra mile to make it happen.

In early May, industry leaders met Coal Minister Pralhad Joshi and his team at an industry meet and sought permission to reopen