CIL board to discuss PPP model this week

Tags: CIL, Industry
The board of state-owned Coal India Ltd is likely to meet on Friday to deliberate on the concession agreement pertaining to the public-private- partnership (PPP) model for developing mines.

The government had recently said that an explored green- field coal mine in Mahanadi coalfields is being taken up as a pilot project under PPP and the model concession agreement has been prepared by Planning Commission for further discussions.

"CIL board is likely to meet on February 28 to discuss concession agreement pertaining to PPP model," said a source.

Finance Minister P Chidambaram had stated in his last Budget speech that there was a need to devise such a policy on public-private framework with CIL as one of its partners to reduce the country's increasing dependence on imported coal.

The measure, he had said, would lead to an increase in domestic coal output for supply to power producers and other consumers of fossil fuel.

CIL, which accounts for over 80% of the domestic coal output, missed the production target last fiscal and produced only 452.5 million tonnes (MT) of coal in 2012-13 as against the target of 464 MT.

India's coal imports, which shot up to 145.8 MT in 2012-13, are expected to reach 185 MT by FY'17.


  • Centre and states must cooperate to get the economy moving

    Mirroring the previous three quarters, another round of tepid corporate earnings announcements are expected in a few days from now.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Arun Nigavekar

Ranking of higher education institutions

Given the massive popularity and growing influence of world university ...

Rajgopal Nidamboor

The pursuit of serene stillness

It may sound strange — that every change in the ...

Dharmendra Khandal

How positive intervention can go a long way

Ten years ago, Sariska tiger reserve declared that there were ...


William D. Green

Chairman & CEO, Accenture