The Government has taken steps to enhance exploration activities to increase the inventory of proved coal reserves for projectisation of the same, according to a statement released by the Ministry of Coal. A number of new projects have been taken up by the Public Sector coal companies and a number of captive blocks have been allotted to both Public and Private sector companies for augmenting production from domestic sources.
In addition to this, coal is being imported by different consumers as per their requirement and Coal India Ltd (CIL) is also working towards acquiring overseas coal properties. Further, Government has also approved the formation of International Coal Ventures Ltd (ICVL), a consortium company of various Public Sector Undertakings to acquire properties abroad for coking coal and high quality thermal coal.
This information was given by Minister of State for Coal, Shri Sriprakash Jaiswal in reply to a question in Rajya Sabha.
Site Map
COMMENT
Comment on this article