The policy on surplus coal, expected to be announced soon, is likely to bypass Coal India Ltd (CIL) and allow captive miners to transfer surplus coal from specified end-use plants to other plants operated by the same company. Earlier, the policy had proposed CIL assume the role of a ´coal banker´ (surplus coal from captive mines would be transferred to the State miner, with a rider on future obligations). However, CIL objected to the obligation clause, as well as the pricing formula.
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