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Commercial Mining of Coal May Trim Down its Supply Woes

News

The government is preparing to take the next big leap in the coal sector and hopes to auction blocks for commercial mining in the current fiscal year.

Source: ET

SNP Insights

Government plan to open up the coalmining for commercial operation is another step towards bringing more competation to existing commercial coal market. The government has already introduced 100% FDI in coal sector earlier. So, this new policy may bring more invesros and devlopers to the sector. With increase in production and environment for market competation may lessen the fuel bottle necks and coal price for industries. So, this may incease the industrial growth and drive the economy in right direction.

Source: SNP