Coal Exchange

The Chairman of Tata Group, N Chandra has suggested that the Government should consider setting up a coal exchange as a trading platform for transparent buying and selling of coal in line with what exists in the commodity exchanges for power etc. With a view to achieve self-reliance in the coal sector, the government started the process of auction of 41 coal mines under the provisions of Coal Mines (Special Provisions) Act and Mines and Minerals (Development and Regulation) Act. It was flagged off by Prime Minister Narendra Modi on Thursday.

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