Adani looks beyond coal: Biggest wealth surge heralds rise of next Ambani

After spending two decades building a business empire centered around coal, Indian billionaire Gautam Adani is now looking beyond the fossil fuel to cement his group’s future. His ambitious plans are getting a boost from Prime Minister Narendra Modi. Adani has emerged as India’s infrastructure king, diversifying from mines, ports and power plants into airports, […]

Phasing out coal for power holds key to India’s net-zero goal by 2050

India must phase out its coal-fired power plants by the middle of this century to achieve net-zero greenhouse gas emissions by that time, according to a new report on the challenges that’ll be posed in setting more ambitious climate targets. The nation will need to progressively reduce coal’s share in electricity generation, currently at about […]

Coal India wants to take part in solar energy auctions: Chairman

CHENNAI (Reuters) – Coal India Ltd, the world’s largest coal miner, could venture into solar wafer manufacturing and wants to “aggressively” participate in the country’s solar energy auctions, its chairman told Reuters on Tuesday. “Coal as you know, we’re going to lose business in the next two-three decades. Solar will take over coal slowly as […]

Bill to allow private players in mining activities tabled in Rajya Sabha

The government on Monday introduced in Rajya Sabha a bill to amend the Mines and Mineral (Development and Regulation) Act, which will help create employment opportunities and allow the private sector with enhanced technology in mining activities. Union Minister for Coal and Mines Pralhad Joshi introduced the Mines and Minerals (Development and Regulation) Amendment Bill, […]

Allow pvt sector with enhanced tech in mining: Mines minister Joshi

Mines Minister Pralhad Joshi on Friday said the amendments in the mines and minerals act will help create employment opportunities and allow private sector with enhanced technology in mining activities. Moving the Mines and Minerals Development (Amendment) Bill, 2021, in the Lok Sabha, Joshi said India produces 95 minerals and has same potential like South […]