Fresh Coal Block Auction Not Required : Coal Secretary

Bhubaneswar: Anil Swarup, Secretary, Ministry of Coal met CM Naveen Patnaik in the presence of Chief Secretary in the Secretariat today.
“I had come to thank for all the co-operation given by this State and convey my gratitude. A number of issues over a period of time have been resolved in consultation with the Chief Secretary and other officers ,” revealed the Coal Secretary.
“As far as the royalty is concerned, it is a national decision. It applies to all the States and we believe that the rate is quite okay at this point of time. Any increase in the rates of royalty would increase in rate of the cost of coal, and that will lead to increase in cost of power, so ultimately it will impact the common man. So at this point of time, there is no such provision to increase the rate of royalty,” said Anil Swarup when asked about the revision of the rates of royalty.
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