CoalSETU: Auction of Coal Linkages Without End-Use Restrictions

Key facts

• The Union Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved the Policy for Auction of Coal Linkage for Seamless, Efficient & Transparent Utilisation (CoalSETU).
• The government approved the 'CoalSETU' window for the auction of coal linkages for diverse industrial uses and exports.
• The policy will allow allocation of coal linkages on an auction basis on long-term for any industrial use and export by adding a separate window named CoalSETU in the NRS Non-Regulated Sector Linkage Auction Policy of 2016.
• Any domestic buyer requiring coal can participate in the linkage auction, irrespective of the end use.
• The coking coal shall not be offered under this window.
• Linkage holders can now export up to 50 per cent of their quantity and flexibly utilise the fuel among group companies as needed.