Coal news and updates

Asset monetisation: Coal leads the pack with Rs 50,000-crore mop-up

Coal mining will contribute Rs 50,000 crore, as against an annual sectoral target of Rs3,394 crore, towards the government’s asset monetisation drive, helping the Centre achieve the collection of an aggregate amount of Rs88,190 crore as upfront revenue from brownfield infrastructure assets.

From operational highway stretches, as much as Rs17,000 crore has been mobilised as against the FY22 target of Rs30,000 crore, and more funds could be raised by March-end. A sum of Rs 7,500 crore has been mobilised out of Power Grid transmission lines.