COAL
India’s Coal Ministry has decided not to rush through the auction of coal supply linkage to power companies in light of the high availability of the fuel, although the auction of such linkages would take place for non-power industries. The rules for the auction of coal linkage to the power sector have been compiled and the Coal Ministry will secure inter-Ministerial consultations and approval of the Union Cabinet shortly; however, the government is in "no hurry" to hold auctions for the power sector in the face of the sufficient coal stocks that are available for power plants to procure on a spot basis, a Ministry official said.
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