Coal Ministry To Organize Roadshow To Showcase Coal Sector
The Coal Ministry will be hosting a roadshow to showcase the opportunities available in the coal sector in Kokota on February 19. The roadshow, titled ‘Roadshow on Commercial Coal Mine Auctions & Opportunities in the Coal Sector’, will highlight the reforms done in the coal sector to streamline processes, enhance transparency, as well as create a level playing field for all the stakeholders. As such, it will provide a platform for investors, industry leaders, mining experts, and policymakers to interact.
The event will also act as a preview to the upcoming Commercial Coal Mines auctions. Participants can expect discussions on investment potentials and long-term benefits of investing in India’s coal sector.
The roadshow is valuable platform for stakeholders to engage, network, and learn about the regulatory framework, streamlined clearance processes, and the Ministry’s efforts to foster an investor-friendly environment in the coal sector.
The event also provides an exclusive opportunity for participants to connect with key decision-makers, gain valuable insights into future coal sector trends, and explore collaborative ventures that can shape the future of India’s energy and mining sectors.
Key Reforms in Commercial Coal Mine Auctions includes:
- Reduction in upfront amount and bid security amount, making participation more financially accessible.
- Permission to relinquish part of the coal mine for partially explored blocks, providing greater operational flexibility.
- Rebate in Performance Security for Underground coal mines, encouraging investment in underground mining.
- Ease of participation with no entry barriers, ensuring a more inclusive auction process.
- · Full flexibility in coal utilization, enabling companies to use coal for any purpose as per their business needs.
- · Optimized payment structures and incentives for early production.
