The process of drafting the tender documents, so as to make the proposal attractive for investors, has started
In a bid to fast-track production, Coal India Ltd. (CIL) has decided to harness the private sector for mining 13 greenfield projects with an annual capacity of 65 million tonnes.
The strategy is to facilitate the projects, through a private sector approach, to project implementation. The process of drafting the tender documents, so as to make the entire proposal attractive for investors, has commenced.
CIL, at present, outsources around 45 per cent of its total production private operators who are roped in only for the opencast mines. If this move fructifies, then the proportion of outsourcing would also increase.
CIL Chairman S. Narsing Rao, who confirmed the development, said that the mine development operators would be paid on a per tonne basis and would facilitate the process of land acquisition.