Coal news and updates

Coal Ministry Seeks Infra Status For Coal Mines To Ensure More Bank Funding

During the consultation, banks expressed their willingness to finance coal mines, provided project viability and equity infusion visibility were demonstrated through detailed business plans, the statement added.

The Coal Ministry said that it had invited responses from coal mine allocatees to determine the quantum of financing imperative towards coal mine development. (Image: IANS)

New Delhi: The Coal Ministry said on Saturday that it has requested the Department of Financial Services (DFS) to consider classifying the coal sector under the ‘Infrastructure Sector’ so that bank finance becomes more easily available for mining operations.