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AgenciesRepresentative image The draft rules for the country's proposed coal exchange will be finalised by the end of November after examining feedback received from the public, Coal Secretary Vikram Dev Dutt said on Thursday."The draft coal exchange rules are in the public domain. Comments have come, and we are examining those. The rules will be finalised by the end of November," Dutt told reporters on the sidelines of the Asia Mining Congress here.The proposed coal exchange aims to bring transparency, efficiency and a market-driven mechanism to domestic coal trading.According to the draft rules, the coal controller organisation (CCO) will be appointed to register and regulate the coal exchanges to be established in the country.The Ministry of Coal had invited comments from stakeholders by mid-October.Live EventsOn the disinvestment front, Dutt said the process for Bharat Coking Coal Ltd (BCCL) and Central Mine Planning and Design Institute Ltd (CMPDIL) has made significant progress."We have moved ahead in this regard for both BCCL and CMPDIL. The DRHPs were cleared by SEBI in September. Roadshows for BCCL are at an advanced stage, and we are reaching out to investors. There is healthy interest, and the roadshow will conclude by this month," he said at the 11th edition of the MGMI International Mining Exhibition.The secretary said India's coal production continues to be strong, with the country crossing the one billion-tonne mark in both production and supply for the first time last fiscal."The first-half demand this year has been muted because domestic power generation is down by more than four per cent. As a result, we have record stock both at the pithead and power plants. We expect production to be close to the target for both Coal India and commercial miners," Dutt said.Coal India Ltd (CIL) produced 781 million tonnes in FY25. The country's total coal output, including captive and commercial mines, surpassed one billion tonnes in FY25 and is projected to reach 1.15 billion tonnes in FY26.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onCoal exchange rulesCoal Secretary Vikram Dev DuttBharat Coking Coal LtdCentral Mine Planning and Design Institutecoal production in IndiaIndia coal market transparencycoal trading efficiencydisinvestment in coal sectorcoal output FY25Asia Mining Congress (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onCoal exchange rulesCoal Secretary Vikram Dev DuttBharat Coking Coal LtdCentral Mine Planning and Design Institutecoal production in IndiaIndia coal market transparencycoal trading efficiencydisinvestment in coal sectorcoal output FY25Asia Mining Congress(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless
