The ministry has sought comments on five proposed amendments to the mining law, which aim to align the coal sector with current mining practices, improve investment certainty and ensure better use of resources
The coal output for the power sector has seen a substantial increase, rising from 25.02 MT in the first quarter of last year to 30.16 MT in the first quarter of this year, marking a 20.5 per cent year-on-year growth.
During a high level meeting to review the status of 'producing and expected to produce' captive and commercial coal mines, Additional Secretary at the ministry M Nagaraju also urged the allottees to put in further efforts to achieve the committed coal output target for the current fiscal, an official statement said.
NTPC may lose five captive coal mines as the company has failed to achieve the necessary milestones after 5 years of allocation, reports DNA. It touched an intraday high of Rs 179.75 and an intraday low of Rs 178.85. At 09:17 hrs the share was quoting at Rs 178.85, down Rs 1.70, or 0.94% on the NSE.