The draft even more stated that the current policy reforms in the coal sector has actually led to self-sufficiency and increased accessibility of the dry fuel in the nation. Submit.|
Advancing a relocation towards the proposed coal exchange, the Coal Ministry Monday drifted a draft legislation looking for to select Coal Controller Organisation(CCO )to sign up and manage coal exchanges to be developed in the nation. Broadly, the potential coal exchange operators would be needed to run under the standards set by the CCO, and more notably, seek their authorisation for establishing an exchange.
The Coal Ministry is obtaining feedback and tips to the proposed legislation up until mid-October.
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Exchanges to deal with increased accessibility of coal
Elaborating on the reasoning for a coal exchange, the ministry indicate an increased coal schedule in the nation. In FY 2024-25, India produced approx. 1.05 billion tonnes of coal which had to do with 5%more compared to the previous year. It approximates domestic coal production to grow 6-7% yearly in the coming years to scale a yearly production of 1.5 billion tonne by 2029-30.
Coal power is costing India as much as 10% of its rice and wheat crops
Hence, according to the ministry, the proposed coal exchange would assist deal with the “paradigm shift towards a surplus coal circumstance” by not entirely counting on the “existing system of coal sales channel”, rather setting up an extra “competitive market for sale of coal”. Coal Minister G. Kishan Reddy had actually discussed in short article (outdated May 26), “The platform will change coal ease of access for markets, make it possible for smooth trading and transparent cost discovery while making sure steady supply of fuel to power our growing economy.” He had actually initially made the statement about establishing an exchange October in 2015.
Released – September 22, 2025 03:38 pm IST