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Coal Minister Pralhad Joshi said commencement of commercial coal mining will start a new era of growth and development in Chhattisgarh.
In case of Coal India, if valuations are not attractive, the company will buy back shares from the government, officials said.
The strike, against the Modi govt's move to open up the coal sector to privatisation, is set to be observed by 2.72 lakh workers across multiple unions.
The annual shipments declined as demand from power producers weakened and its production was hit by heavy rains early last year.
Power generation from coal slumped 11% from a year earlier in November as demand slowed and cheaper, cleaner renewable sources of electricity eat into coal's share.
The stalled recovery will sustain discoms as the weakest link in India’s electricity supply chain & impede efforts to serve low-paying consumers.
Under the Narendra Modi government, Coal India's market capitalisation peaked at Rs 2.29 lakh crore in March 2015, and has fallen ever since.