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Apr 23, 2014
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Coal India to get new arm to shore up PPP projects
Public sector Coal India will have a subsidiary dedicated exclusively for the development and awarding of public-private partnership (PPP) projects in coal mining. The move is aimed at accelerating coal mine production in the country with the active participation from the private sector, including multinational corporations.
Commercial coal mining by private players is not allowed and since the system for allocation of captive coal mines to private players on a discretionary basis led to scams, an auction mechanism is being put in place for this.
Source -
http://www.financialexpress.com
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