The Union Cabinet on Wednesday approved Rs 8,500 crore financial incentive scheme for coal gasification projects. In the first category, Rs 4,050 crore has been provisioned for public sector utilities (PSUs) in which up to three projects will be supported by providing a lump sum grant of Rs 1,350 crore or 15 per cent of […]
Category: Coal
Cabinet clears Rs 8,500 cr incentive scheme for coal gasification projects
The Union Cabinet on Wednesday approved a Rs 8,500 crore incentive scheme for coal gasification projects, sources said. The adoption of gasification technology in India is expected to reduce the country’s reliance on imports of natural gas, methanol, ammonia and other essential products. The cabinet has given its go-ahead to Rs 8,500 crore incentive scheme […]
Coal production to touch 1 bn tonnes for first time: Union minister Joshi
Union Minister for Coal and Mines Pralhad Joshi on Tuesday said for the first time, the country’s coal production is going to cross 1 billion tonne. India is going to stop the import of substitutable coal from next year, Joshi said at the second State Mining Ministers’ Conference here. The union minister said there are […]
FAA may expand Boeing probe beyond Max 9 if problems found, says official
The Federal Aviation Administration’s top official said the agency may expand its probe of Boeing Co.’s manufacturing practices beyond the 737 Max assembly operations if it finds evidence of problems elsewhere at the planemaker. For now, the agency is focused on the mid-cabin door plugs on Max 9 aircraft like the one that blew off […]
Domestic coal-based power generation rises 7% to 872 bn units in Apr-Dec
Domestic coal-based power generation increased 7.14 per cent to 872 billion units (BU) in the April-December period of the current fiscal. The rise in domestic coal-based electricity generation reflects an ample supply of coal to meet the growing energy demand in the country, the coal ministry said in a statement. Domestic coal-based power generation was […]
Coal India’s venture into power generation gets Cabinet approval
The Union Cabinet Committee of Economic Affairs (CCEA) on Thursday approved the Rs 22,000 crore two maiden thermal power generation units planned by Coal India Ltd (CIL) in collaboration with its subsidiaries. These units, slated to come at pithead (in the vicinity of coal mines), are also part of the Centre’s increased efforts to have […]
Coal India plans to begin mining of critical minerals, including lithium
State-owned Coal India Ltd (CIL) is mulling entering into the mining of critical minerals, including lithium, an official said. CIL plans to get a block from the government for exploration and once lithium reserves are proved, the PSU would go for mining, the official said. Lithium is the ‘cosmic’ mineral which is needed as part […]
CCEA approves Rs 5,607 cr investments by Coal India in two power projects
The Cabinet Committee on Economic Affairs on Thursday approved equity investments of Rs 5,607 crore by state-owned South Eastern Coalfields and Mahanadi Coalfields to set up two thermal power projects with total generation capacities of 2,260 MW. The decision was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime […]
Jindal Power offers Rs 4,203 crore for distressed coal-fired power plant
India’s Jindal Power has offered 42.03 billion rupees ($505.77 million) for a distressed coal-fired power plant, the company told the insolvency court on Wednesday, topping an offer made by billionaire Gautam Adani’s power firm. Adani Power had last month quoted 41 billion rupees ($493.38 million) for the 1,980-megawatt power plant in central India ensnared in […]
Metallurgical coal manufacturer body flags import of cheap met coke
Association of producers and suppliers of metallurgical coal on Monday expressed concerns over the “influx of met coke at prices below the domestic cost of production” and sought the government’s intervention to resolve the issue. Metallurgical coal is a grade of coal that can be used to produce good-quality coke. The prevailing import rate for […]
299 mines identified as abandoned, discontinued or closed so far: Govt
The government on Friday said it has identified 299 mines as abandoned, discontinued, or closed so far and Coal India Ltd has taken proactive steps towards the closure of these mines. In addition, an expert committee has been appointed to review the existing mine plan guidelines to strengthen the mine closure framework and to adopt […]
Centre to hold roadshow in Ranchi to woo investors for coal mine auction
The coal ministry will organise a roadshow in Ranchi to increase participation of investors in the commercial coal mine auction. Coal Secretary Shri Amrit Lal Meena will be the chief guest for the event while additional secretary M Nagaraju will be the guest of honour, the coal ministry said in a statement. “To enhance participation […]