Coal sector liberation: PM Modi launches coal auction for commercial mining; lists out these benefits

In an effort to make India self-reliant in the energy sector, Prime Minister Narendra Modi today launched the auction of 41 coal mines for commercial mining, via video conference. In his address, PM Modi said for decades, the country’s coal sector was entangled in a web of captive and non-captive and was excluded from the […]

Tata Sons chairman pitches for coal exchange; Vedanta’s Anil Agarwal advocates ‘self certification’

Tata Sons Chairman N Chandrasekaran on Thursday urged the government to consider setting up a coal exchange for transparent buying and selling of the dry fuel by multiple merchant miners in line with the existing commodity bourses. This, he said, would be major step towards achieving the target of USD 5 trillion economy. Speaking during […]

Govt’s plan to cut coal import goes for a toss as FY20 breaks logistics chain; local output stagnant

Weak logistics support and disrupted supply chain towards the end of the last financial year 2019-20 hit the government’s plan to cut coal imports and boost domestic production. Despite having the world’s fourth-largest coal reserves in the country, India imported about one-fourth of its domestic coal requirements in the last fiscal, mainly due to shortfall […]