(ET)
Small and medium consumers of Coal India now have the option of choosing their preferred coal mines. They can also carry coal either on trucks to destinations or through a combination of rail and road and save on logistics.
Last week, the Coal India board cleared a proposal that will now allow consumers requiring a minimum of 2.5 lakh tonnes of coal a year to choose their coal mine. Earlier, the threshold for choosing specific mines was given to consumers with awas given to consumers with a minimum requirement of one million tonnes a year. Additionally, the source mine was to have a minimum production capacity of 2.5 mtpa.
At the last board meeting, the threshold of one million tonnes has been reduced to 2.5 lakh tonnes a year while the production capacity for eligible mines has been reduced to 1 million tonnes a year. This is expected to bring a larger number of mines under the scheme.
