Giridih MP Chandraprakash Chaudhary has taken up the ongoing crisis faced by coal traders with Coal India Limited (CIL) Chairman P.M. Prasad. The MP met the company chief and apprised him of the growing distress among Jharkhand’s coal traders due to the new sampling policy, mandatory bank guarantees, and complexities in local sales.
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Mr. Chaudhary said that the new policy framework, aimed at improving transparency and efficiency, has inadvertently paralysed small and medium traders. “Business has virtually come to a halt,” he reportedly told the CIL Chairman, adding that the ripple effect is visible among truckers, labourers, and local markets that depend on the coal trade. He urged Coal India to ensure that reforms do not threaten the livelihood of those dependent on the sector.
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Coal India to Review Sampling and Guarantee Norms
The meeting came soon after a delegation of the Jharkhand Coal Traders Trust, led by its president Kashinath Mahato, met the MP and submitted a written memorandum highlighting the industry’s grievances. Prominent trader Sandeep Kedia also accompanied the MP during his interaction with the CIL Chief. Chairman P.M. Prasad assured that the management is examining all concerns seriously and that corrective steps will soon be taken to provide relief. He informed that Coal India is already reviewing the sampling mechanism and bank guarantee clause to maintain fairness among stakeholders.
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