The Centre has amended its Coal (Non-Regulated Sector) Linkage Policy of 2016, enabling the export of coal from blocks with existing linkages. A new policy, CoalSETU, will allow end-use free purchase of coal for any industrial use and export, excl...
By ET Bureau |
New Delhi: The Centre on Friday allowed export of coal from blocks with existing linkages by tweaking its Coal (Non-Regulated Sector) Linkage Policy of 2016.
In a statement, the Cabinet Committee on Economic Affairs said it has approved a policy that will allow coal acquired through auction for any industrial use and export.
The Policy for Auction of Coal Linkage for Seamless, Efficient & Transparent Utilisation (CoalSETU) will add a separate window, allowing end-use free purchase of coal.
"Traders will not be allowed on this portal and only end-consumers can buy coal from this portal," Union information & broadcasting, information technology and railways minister Ashwini Vaishnaw said Friday, adding Nepal, Bhutan and Bangladesh can be possible export destinations for Indian coal.
Currently, coal linkages are provided through auctions only to specified end users such as cement, steel, sponge iron and aluminium. Coking coal will not be offered under this window, due to its paucity in the domestic market.
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The present auction of coal linkages for the specified end-user sub-sectors in the non-regulated sector (NRS) will continue.
