India is looking to partner with private companies to restart mines that have previously been shut or had their production discontinued by state-run Coal India Ltd., or CIL, on a revenue sharing model, according to a coal ministry statement issued Feb. 24. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The move, which has seen interest from top companies including Adani Enterprises, Tata Power, Essel Mining JSW and Jindal Steel, a stakeholders’ consultation is likely to see increase in production, lower import dependence and bring relief to domestic coal shortage in the country. “There are many mines which were discontinued/closed in the past by CIL due to several reasons and these could be reopened and productively brought into operation with the partnership of the private sector,” the statement said. CIL is looking to offer more than 100 such mines to the private sector on a […]