Indian reforms for the coal mining industry, as far as opening it up to private miners, is not expected in the near future in face of political risks and the impact on monopoly state miner Coal India Ltd. (CIL).
Earlier this year, the government had announced that coal blocks would be auctioned wherein private miners could bid and successful bidders permitted to develop the block and commence production without any end-use restrictions, marking the end of Coal Nationalization Act 1974. But with Indian national elections slated next year and privatization still a political gambit, the Ministry of Coal has decided to put plans of opening up the sector for private investor on the backburner.
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