Auctioning of coal linkages for industrial use, exports cleared

Firms holding long-term rights (linkages) to purchase coal from the government auctions can now export up to 50 per cent of their allotted quantity, as the Centre on Friday approved a major change in coal allocation by allowing auction of coal linkages for any industrial use and exports under a newly created CoalSETU window.

- SAKET KUMAR

This is the first time coal linkages are being opened without end use restrictions. The movie is aimed at expanding access to domestic coal, improving resource utilisation and reducing import dependence.

Under the new policy, any domestic coal consumer (other than traders) will be eligible to participate in long term linkage auctions.