Synopsis
A senior government official said the move is aimed at setting up a mature coal trading market by the time the commercial coal mines become operational.
Agencies
The coal ministry has issued tenders seeking consultancy service in setting up the coal exchange.
New Delhi: The government proposes to start a coal exchange later this year to trade coal mined from private commercial mines along with
Coal India's spot auctions. A senior government official said the move is aimed at setting up a mature coal trading market by the time the commercial coal mines become operational.
“In about 5-7 years, 40% of the coal is expected to be produced by companies other than Coal India (