Poland to partner India for one of world’s biggest coal blocks

Recognized as one the leading mining nations in the world Polish government has prepared ‘West Bengal Project’ that was discussed recently during Bengal Global Business Summit. Poland was partner country of the summit for a third time in a row. Poland looks for collaboration with both PSUs and the biggest private players. During a recent […]

Cabinet approves coal supply to short term PPAs; Renewable status to hydro plants, Rs 21,000 cr power plants in UP, Bihar

The Union Cabinet on Thursday has approved granting coal supply to power plants with short term power purchase agreements, renewable status to hydroelectric plants and cleared investment of Rs 21000 crore for setting up two new coal-based plants in Uttar Pradesh and Bihar. The cabinet approved various recommendations made by group of ministers related to […]

Top three PSU coal miners’ capex to rise 15% in FY20

State-owned Coal India, Neyveli Lignite and Singareni Collieries will have a capex of Rs 20,121 crore in 2019-20, 15% more than the previous fiscal, according to the interim budget. According to the Expenditure Budget, this spending would be part of internal and extra-budgetary resources (IEBR) of the central public sector undertakings. Plan outlay of the […]

Govt successfully auctioned natural resources, including coal: Piyush Goya

Finance Minister Piyush Goyal Friday said the NDA government has conducted transparent auction of natural resources including coal and has “walked the talk”. Presenting the Budget for 2019-20 in the Lok Sabha, Goyal said “we conducted transparent auction of natural resources including coal and spectrum. We have walked the talk”. Goyal said this while explaining […]

No shortage of coal in country; CIL output grew by 104MT in 4

The country faces no shortage of coal and its imports have declined to 208 million tonnes (MT) from 217 MT in 2014, Coal Minister Piyush Goyal said Friday. Replying to a query in the Question Hour, the Minister said coal production has witnessed an increase of 7.4 per cent in April-December (nine months) period of […]

Five killed in coal mine accident in China

Five workers were killed while another remained trapped in a coal mine accident in east China’s Fujian Province, local authorities said Saturday. The accident occurred Friday at a coal mine in Yongding District in the city of Longyan, the district’s publicity department said, without elaborating on what kind of accident it was. Nine people were […]