Coal India is likely to come out with the initial public offer for its two subsidiaries Bharat Coking Coal Limited (BBCL) and the Central Mine Planning and Design Institute (CMPDI) in the financial year 2024-25, according to sources. Back in 2022, the company had said that its board had given an ‘in-principle’ approval to the […]
Category: Coal
Coal India may exceed capex target of Rs 16,500 cr for FY24: Govt
The government on Wednesday said the state-owned Coal India Ltd (CIL) is likely to exceed its capex target of Rs 16,500 crore for the current financial year. Coal India accounts for over 80 per cent of domestic coal output. “As we navigate through the current fiscal year of 2023-24, both CIL and NLCIL are on […]
Govt asks industry players to invest in technology towards greener, cleaner future
The government on Friday stressed on the importance of coal and lignite gasification projects in India’s energy transition and urged industry players to invest in the technology towards a greener and cleaner future. Coal Secretary Amrit Lal Meena also stressed on the government’s support to the industry through initiatives, including financing and incentives, for promotion […]
Govt plans more steps to rein in coal imports
After targeting to eliminate imports of substitutable coal by FY26, the coal ministry will now encourage imported coal-based power plants to make capital investments to run on domestic fuel. The ministry is set to request power plants run on imported coal to make changes in technologies and design to be able to use domestic coal […]
Govt approves setting up of coal-to-SNG project through CIL-GAIL joint venture
The government on Wednesday approved setting up of a coal-to-SNG (Synthetic Natural Gas) project through a joint venture between Coal India and GAIL, and a coal-to-ammonium nitrate project through a venture between CIL and BHEL. The decision was taken at the meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra […]
Domestic coal-based power generation rises 7 per cent in April- December
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 […]
Central Coalfields eyes Rs 5,000-cr annual capex by 2030; Coal production target FY25 set at 106 million tonne
Coal India’s subsidiary Central Coalfields Ltd plans to increase its annual capital expenditure to Rs 5,000 crore by 2030 while expanding its operations to increase coal output. This is against a targetted Rs 2,100 crore in the current fiscal, which is set to be exceeded by Rs 900 crore. CCL is aiming to register a […]
Cabinet nod to Coal India for 21,000-crore investments in thermal power
The Union Cabinet on Thursday approved major investments by state-run Coal India in the thermal power sector. These includes the setting up of two thermal power plants by the coal miner with cumulative investments of around Rs 21,000 crore. The break-up of the investments by Coal India subsidiaries are as follows: Rs 823 crore by […]
Coal India to foray into critical minerals
In an ambitious move to diversify into critical mineral mining, Coal India Limited (CIL)is considering starting exploration and mining of lithium, a key element in India’s energy security strategy. CIL is seeking to acquire a block from the government for lithium exploration, with plans to commence mining upon successful confirmation of lithium deposits. B Veera […]
NCLAT rejects Jindal Power plea to allow its bid for Tuticorin Coal Terminal
The insolvency appellate tribunal NCLAT has dismissed the plea of Jindal Power to allow the company to participate in the ongoing resolution process of debt-ridden Tuticorin Coal Terminal. A two-member bench of the National Company Law Appellate Tribunal (NCLAT) upheld the earlier order passed by the Mumbai Bench of NCLT, which said that under CIRP […]
Govt targets 186.6 MT coal output from captive mines in FY25
India aims to produce 186.63 million tonne (mt) of coal exclusively from captive and commercial mines during the FY2024-25 and increase it further to 225.69 mt in FY26, the government said on Monday. “As per the present plans of the ministry, production target from such mines will be touching 383.56 mt by FY2029-30,” the government […]
PSUs in coal sector brought 18,849 hectares under green cover in last 10 years: Govt
The public sector units operating in the coal sector have brought 18,849 hectares under green cover in the last 10 years by planting 42.3 million saplings, the government on Monday said. The move shows the commitment of the coal sector to environment-friendly sustainable mining practices, the coal ministry said in a statement. The coal public […]