Aimed at attracting global players in the domestic coal sector and reduce the imports of dry fuel, the Union Cabinet on Wednesday approved the Ordinance to amend the laws to ease mining laws. The Cabinet headed by Prime Minister Narendra Modi approved the promulgation of Mineral Laws (Amendment) Ordinance 2020. The Ordinance will amend Mines […]
Category: Coal
Coal India output to be affected by strike: Official
Coal India Ltd’s output could be affected by a planned strike on Wednesday, a senior official at the state-run company told Reuters. Worker unions affiliated to left-wing groups and political parties have called a strike across India on Wednesday to protest over Prime Minister Narendra Modi’s government’s policies which they say have hurt the working […]
Carbon tax waiver pose risks on renewable growth: Fitch
Fitch Solutions on Monday said that the centre’s proposed carbon tax waiver on coal may pose substantial downside risks to India’s renewable sector growth. In a bid to alleviate significant debt levels in the power industry, India has proposed to waive carbon taxes on coal (Rs 400 rupees/tonne), it said. This comes at a time […]
Govt proposes waiving carbon tax on coal
Prime Minister Narendra Modi’s office has proposed waiving a tax on coal to help finance pollution-curbing equipment, according to documents, but the move would also make coal more competitive in price with solar and wind energy. Modi’s office has proposed waiving the carbon tax of 400 rupees ($5.61) per tonne that was levied on the […]
6 CIL arms didn’t formulate MoEF mandated policy: CAG
Six of the seven coal producing subsidiaries of the world’s largest miner CIL did not devise a policy as mandated by the environment ministry, according to a CAG report tabled in Parliament on Wednesday. “Coal India Ltd (CIL) amended its original Corporate Environment Policy (CEP) and formulated a comprehensive Environment Policy only in March, 2012, […]
’58 TPPs saving Rs 3,770 cr in coal transport cost’
Coal India Ltd (CIL) on Tuesday said about 58 thermal power plants (TPPs) in the country are saving around Rs 3,770 crore per annum in coal transportation cost after the miner had implemented the fuel linkage rationalisation. A total of 63 million tonnes of coal movement is currently involved under the rationalisation policy, CIL sources […]
CIL, SCCL to protest over lack of pension schemes
An employee association of state-owned CIL and SCCL on Sunday said it will go on a day-long protest in the national capital on Monday, over lack of pension reforms in the coal sector. “The All India Association of Coal Executives, under the banner of All India Coal Pensioners Association (AICPA), will be organising one-day dharna […]
Govt approves allocation of 5 coal blocks
The Centre on Thursday approved the allocation of five coal blocks, including two to Birla Corporation and one to Vedanta, and said the mines will generate a revenue of Rs 17,136 crore for the government. For the first time, the successful bidders shall have the flexibility to sell 25 per cent of the coal produce […]
‘Indian steel firms should invest in Russian coal cos’
Indian companies should purchase a stake in Russian coal companies operating in its far east region in order to bring down the coal price and improve their port capacity to handle large ships, said a senior official of the Far East Investment and Export Agency (FEIEA) on Tuesday. Currently, Indian steel and energy companies such […]
Govt mulls action against RIL over CBM sale: Report
The government is mulling over action against Reliance Industries (RIL) for buying all the coal bed methane (CBM) it produced allegedly violating a policy, according to a report by The Economic Times. The government is looking at options to either terminate the production-sharing contract (PSC) or invoke arbitration to penalise the company. It has already […]
Adani awards rail contract to help Aussie thermal coal
The Adani Group on Friday said it has awarded a rail contract worth over AUD 100 million to Australia-based Martinus Rail, as part of efforts to boost infrastructure to support its mining services. Adani Mining CEO Lucas Dow said that contracts worth over 450 million Australian dollars (AUD) had already been awarded on the Carmichael […]
India to invite bids from global coal miners soon
India plans to invite bids from global firms for the first time for coal mining blocks before 2019 ends, sources familiar with the matter said, a move that would end Coal India Ltd’s near-monopoly for the fuel as the nation tries to cut imports. Coal is among the top five commodities imported by India, one […]