A top official has said that the opening up of commercial coal mining to private companies will bring in competition in the coal sector and reduce power tariff. Commenting on the issue, Coal Secretary Susheel Kumar told the media, "Let's begin by saying commercial coal mining is a very big reform in the coal sector and the idea is to bring in competition for the monopoly coal miner, which is a public sector company called Coal India (CIL)." "So, this is the intervention which the government wants to bring in. 

And what we wish to achieve ultimately in the coal sector is to reduce the prices of coal so that our ultimate end-use consumer who is a power consumer gets power at cheaper rates," he added. As per reports, India is in the process of throwing open commercial coal mining to private firms for the first time in four decades, with the aim of shifting the world's third-biggest coal importer towards energy self-sufficiency.

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