Prime Minister Narendra Modi launched the first-ever coal auction for commercial mining, ending the monopoly of Coal India in a bid to curb import dependence despite having the fourth-largest reserves in the world. The Ministry of coal will offer 41 coal blocks in the first auction, which will include 37 fully explored blocks, 4 coking coal which is required for the steel sector.
Vedanta's Anil Agarwal was also at the virtual meeting with the Prime Minister. He says that his company will decide on participation in commercial coal mining based on due diligence. Agarwal also bats for BHEL's privatisation to reduce the import of power equipment for which India is mostly dependent on China. Anshu Sharma spoke with Agarwal and asked him about how he felt about the commercial coal mining and its impact.