News Brief | September 2014
CIL might not get right to excess coal
The policy on surplus coal, expected to be announced soon, is likely to bypass Coal India Ltd (CIL) and allow captive miners to transfer surplus coal from specified end-use plants to other plants operated by the same company. Earlier, the policy had proposed CIL assume the role of a ´coal banker´ (surplus coal from captive mines would be transferred to the State miner, with a rider on future obligations). However, CIL objected to the obligation clause, as well as the pricing formula.