Chennai: The Ministry of Coal India has asked the Government-managed Indian coal to diversify their interests to regions such as electric vehicles and filling stations, in accordance with the agenda document on the Ministry’s website.
“Indian coal must diversify its business and must explore prospects in the sunrise industry, electric vehicles etc.,” said the Coal Ministry in a document entitled “The Coal Ministry Agenda for 2021-22”.
Coal India is the largest coal mining company in the world with production and accounts for more than 80% of Indian fuel output.
India is the second largest importer, consumer and manufacturer of coal, and has the fourth largest reserve in the world.
This mainly imports from Indonesia, Australia and South Africa.
The federal government-controlled miner has announced plans to invest in the manufacture of solar wafers and power plants, coal gasification, coal bed methane extraction and prepared aluminum smelters.
India has also asked miners to consider participating in foreign tenders looking for coal after meeting domestic demand.
“Consumer traders / coal from neighboring countries can also participate in the Indian special e-Auction / Spot e-Auction window window,” the document is read.
The ministry also said “strong media campaigns” needed for “perception management in the coal sector,” added that the plan delivered by Indian coal and the units were being resolved.
The Indian utility is currently scrambling to secure coal supply because inventory reaches a critical lows after a surge in power demand from industries and imports slowly because it records the global Push Power price.