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Finance

Modi looks to double coal production by 2020

NEW DELHI -- Prime Minister Narendra Modi's government aims to double Indian coal production to 1.5 billion tons by 2020. India needs more fuel to meet rapidly growing demand for electricity.

Indian Coal Secretary Anil Swarup

     The Coal Ministry plans to auction 204 coal blocks that the Supreme Court canceled last year. These blocks have the potential to produce 800 million to 900 million tons of coal and generate revenue of about 7 trillion rupees ($121 billion).

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