CIL should prioritise augmenting coal production, supplies to reduce import: Minister
CIL's priorities should be to ramp up production of coal and scale up supplies to reduce imports, Union Minister G Kishan Reddy has said. Coal India Ltd (CIL) accounts for over 80 per cent of domestic coal output. Speaking at CIL's 50th Foundation Day on Sunday, the minister stressed upon the importance of miners' welfare and the rehabilitation of communities affected by mine closures.
«Contractual workers play a significant role in Coal India's output, and I applaud the management's decision to implement Performance Linked Incentives for them, effective FY 2023-24,» he was quoted as saying in a coal ministry statement.
The launch of commercial coal mining has led to transparency, ease of doing business and investment opportunities, helping open the coal sector.
Exuding confidence in CIL, he stated that the company has the competency and commitment to compete in the current open market scenario.
While coal will remain a central component of the country's energy landscape for the coming decades, India is also heavily investing in renewable energy and addressing climate change, the coal minister explained.
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