Kolkata: The draft regulations for the anticipated coal exchange in the country will be completed by the end of November, following the review of public feedback, stated Coal Secretary Vikram Dev Dutt on Thursday. “The draft coal exchange rules are currently available for public review. We are assessing the received comments, and the final rules will be ready by the end of November,” Dutt informed reporters during the Asia Mining Congress. The intended coal exchange seeks to enhance transparency, efficiency, and a market-oriented approach to domestic coal trading. As per the draft regulations, a coal controller organisation (CCO) will be designated to register and oversee the coal exchanges that will be established nationwide.
The Ministry of Coal had requested input from stakeholders by mid-October. Regarding disinvestment, Dutt noted that significant advancements have been made in the processes for Bharat Coking Coal Ltd (BCCL) and Central Mine Planning and Design Institute Ltd (CMPDIL).