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Govt eyes pvt sector partnership for coal exploration
Mint New Delhi
|May 24, 2025
The Centre is looking at partnering with private companies to hunt for coal deposits as it sets out to tap its vast reserves of the fossil fuel amid growing power demand.
Currently, the exploration is carried out exclusively by government entities such as the Central Mine Planning & Design Institute (CMPDI), Geological Survey of India, Mineral Exploration Corp. (MECL), and state-government agencies.
According to the Action Plan for FY26 of the Union coal ministry, the government will look at promoting participation of the private sector in coal exploration with state-run entities. A new exploration strategy is in the works as the ongoing scheme to boost exploration of coal is scheduled to end this fiscal.
This story is from the May 24, 2025 edition of Mint New Delhi.
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