Open acreage coal mining will create level-playing field for investors

Opening the coal sector to private and foreign participation, a landmark reform initiated by the Narendra Modi government, marked the end of coal nationalisation and dubious captive mining era. In future, blocks will be awarded without any end-use restrictions. However, this may not trigger a rush for investments in the coal sector. This is partly […]

Award of fresh coal linkages positive for the power sector: ICRA

The Central Government’s efforts to award coal linkages under its Shakti policy to independent power projects having long-term PPAs on an auction basis will have a positive impact on coal-based power plants, rating agency ICRA has said. Said Sabyasachi Majumdar, Group Head & Senior Vice President, ICRA: “On the positive side, the availability of coal […]

Company news: Dilip Buildcon announces a new project

Dilip Buildcon has announced that the project ‘Excavation of Overburden of First Dig (Solid) and re-handling by mechanical means at specified places at Nigahi OCP of Northern Coalfields Limited has been completed. The completion certificate has been issued to DBL-DECO (JV) by the Northern Coalfields Limited. The project cost was ₹1,673.58 crore. Shares of Dilip […]

Coal Ministry to back Singareni Collieries’ expansion plans, to consider request for coal blocks

Union Coal Secretary Anil Kumar Jain praised Singareni Collieries Company Ltd for meeting the coal needs of the country and diversifying into solar and thermal power. He assured necessary support to the company’sr expansion plans, including allocation of coal blocks for other States. “Progress achieved by Singareni in the last five years, latest coal transport […]