Commercial coal mining by private sector in India likely to cut import bill by Rs 30,000 crore, says CRISIL

India’s recent move to allow the private sector to commercially mine coal will boost both production and mining efficiency, and substitution of imported non-coking coal with domestic production could save roughly Rs 30,000 crore of coal imports, credit rating agency CRISIL said in a report. The Indian government recently approved the methodology for auction of […]

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