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Why End Of Monopoly Is Unlikely To Hurt Coal India
India’s move to allow private miners won’t threaten Coal India.
25 Jun 2020, 08:21 AM IST
India allowed private companies to commercially mine coal but that’s unlikely to threaten the dominance of Coal India Ltd. If anything, the world’s biggest miner of the fossil fuel could become even bigger.Prime Minister Narendra Modi kicked off the auction for 41 mines with a potential production capacity of 15% of India’s output. It allows winning private bidders to extract coal without end-use restrictions. Earlier, metals to ceme...
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