The power ministry has asked domestic coal-based thermal power plants to continue blending six per cent of imported coal until June 2024 amid the projection of an all-time high peak power demand of 250 GW in summer. In a direction issued in October 2023, the power ministry had asked all thermal power plants to continue […]
Category: Coal
India extends mandate for utilities to import 6% of coal needs until June
The Indian government has extended the mandate for the country’s power producers to import 6% of their coal requirements until June, despite adequate domestic availability, amid transport constraints and higher electricity demand, a power ministry note said on Tuesday. India last year had asked utilities to import 6% of their coal requirements until March due […]
Indian firms look to bet big on coal-fired power after long absence
Private Indian firms have expressed interest in building at least 10 gigawatts (GW) of coal-fired power capacity over a decade, four sources familiar with the matter said, ending a six-year drought in significant private involvement in the sector. Adani Power, JSW Group and Essar Power are among the companies that have told India’s power ministry […]
Vedanta Resources to deleverage debt by USD 3 bn over 3 years
New Delhi: Vedanta Resources, the parent firm of Mumbai-based mining conglomerate Vedanta Ltd, does not foresee a rollover of its loans and plans to deleverage as much as USD 3 billion debt over the next three years, a senior official said at an analyst meeting. “Deleveraging is our priority. We would be deleveraging the debt […]
First tranche of offshore mineral auction expected by mid-2024: Pralhad Joshi
The first tranche of offshore minerals auctions is likely to kick off by June-July this year, Union Minister Pralhad Joshi said. A total of 10 offshore mineral blocks have been short-listed by the mines ministry, and inter-ministerial consultations are underway to seek necessary clearances for auctions at the earliest, the Minister for Coal and Mines […]
Coal-producing states earn revenue worth Rs 1.52 lakh cr in last 9 yrs: Centre
New Delhi, Coal-producing states earned a revenue of Rs 1.52 lakh crore in the last nine years from royalty, District Mineral Foundation (DMF) and National Mineral Exploration Trust (NMET). State-wise and year-wise data indicate that the coal mining sector is a very significant contributor to the revenue of states including Jharkhand, Chhattisgarh, Odisha and Madhya […]
PM Modi launches rail, power, coal projects worth over Rs 35,000 cr in Jharkhand
Prime Minister Narendra Modi on Friday launched rail, power, coal projects totaling Rs 35,700 crore in Jharkhand, aiming to bolster the state’s development. Moreover, the PM dedicated the revived Sindri fertiliser plant, managed by Hindustan Urvarak and Rasayan Limited. Among these projects, he dedicated the Rs 8,900-crore fertiliser plant of Hindustan Urvarak & Rasayan Ltd […]
PM Modi launches rail, power, coal projects worth over Rs 26,000 cr in Jharkhand
Prime Minister Narendra Modi on Friday launched rail, power, coal projects worth over Rs 26,000 crore in Jharkhand. Moreover, the PM dedicated the revived Sindri fertiliser plant, managed by Hindustan Urvarak and Rasayan Limited. PM Modi laid the foundation stone of of several rail projects worth more than Rs 17,600 crore in the state. This […]
Delhi HC rejects ArcelorMittal’s plea for mining lease in Saranda forest
The Delhi High Court on Thursday dismissed a petition by ArcelorMittal India seeking grant of mining lease in Jharkhand’s Saranda forest division. A bench of Acting Chief Justice Manmohan and Justice Mini Pushkarna found no merit in ArcelorMittal’s petition, saying the approval granted by the Centre to the company in 2007 and 2008 was conditional […]
New coal transport plan to reduce congestion, costs
New Delhi: The government on Thursday announced a logistics plan aimed at transport of coal through network optimisation that focuses on enhancing first-mile connectivity and encouraging the rail-sea-rail route to bring down the congestion and cost of transport. The plan entails mechanised loading and evacuation of 90% of coal produced through first-mile connectivity by 2029-30. […]
Second critical mineral bid round to be called on Thursday
The centre will launch the second round of critical mineral mine auctions on Thursday. An official statement said, letters of financial grants will also be handed over to start-ups in mining and mineral sector. Besides these, Annual Capacity Building Plan for Geological Survey of India (GSI) will be released during the event. First round of […]
Coal sector contributes over Rs 70,000 cr every year to Centre, states: Govt
New Delhi: The coal sector contributes over Rs 70,000 crore every year to the Centre and states, through GST, royalties and other levies, the government said on Monday. These funds play a significant role in the socio-economic development and infrastructure enhancement in those coal-bearing areas, the coal ministry said in a statement. “The coal sector […]