NEW DELHI: Coal India on Monday reported a 16.9% rise in consolidated net profit to Rs 9,069.19 crore for the third quarter of the current financial year on the back of higher sales. Consolidated net profit stood at Rs 7,755.55 crore in the year-ago period, Coal India Ltd (CIL) said in a regulatory filing. In […]
Category: Coal
Rahul Gandhi hears out coal mine workers
RANCHI: Congress MP Rahul Gandhi met unorganised coal mine workers in Dhanbad and heard their grievances on Sunday, the third day of his Bharat Jodo Nyay Yatra in Jharkhand. Speaking to the workers, Rahul said that in this journey of justice, he has to take everyone along and ensure all economic and social progress till […]
Odisha: Villagers affected by Adani Group’s Bijahan coal mine seek fresh gram sabha
ROURKELA: Villagers affected by Adani Group’s Bijahan coal mine in Sundargarh’s Hemgir block have renewed their demand for a fresh gram sabha approval before proceeding with the mining project. Seeking enhanced rehabilitation and resettlement (R&R) benefits, the project-affected people had reportedly prevented the company authorities from carrying out a drone survey at Bhograkachhar village on […]
Coal power generation up 10.13% during April to December 2023
NEW DELHI: The country’s coal-fired power generation showed significant growth of nearly 10.13% from April to December 2023 compared to the corresponding period of the previous year. Overall power generation increased by 6.71% during the same period. As per the coal ministry, the domestic coal-based power generation from April to December 2023 rose by 7.14% […]
Bidders ‘distressed’ over delay in coal ministry’s nod to relax mining limit
RAIPUR: The excessive delay in commencing the excavation process from coal mines allocated through the commercial auctions by the Centre has raised concerns causing disquiet among the successful bidders. The sixth tranche of such an auction for coal mines launched in November last year got an excellent response (bids received for 32 mines) as the […]
Government auctions 91 coal mines so far; expects to create 3L jobs
NEW DELHI: The government has auctioned 91 mines since it initiated the auctioning of commercial coal mining in the country three years ago. According to the coal ministry, once these mines are fully operational, they are expected to create employment for around three lakh individuals, both directly and indirectly. Currently, six commercial mines have already […]
Jharkhand HC dismisses PIL against CM Hemant Soren on mining lease allocation
RANCHI: In a major relief to Chief Minister Hemant Soren, the Jharkhand High Court on Wednesday dismissed a PIL filed against him and his family members for the alleged allocation of a mining lease in their names, saying that the petition is a repetition of an earlier one filed by petitioner Shiv Shankar Sharma which […]
Mining lease: Centre moots cap on performance security to encourage bidding
BHUBANESWAR: After inviting bids for grant of mining lease (ML) and composite lease (CL) for 20 critical and strategic mineral blocks across states including four from Odisha through an auction process, the Ministry of Mines has proposed to put a cap on the performance security and upfront amount to encourage more participation in the bidding […]
Centre plans financial support for coal gasification projects, higher production in 2024
NEW DELHI: Rolling out a policy to provide financial support for coal gasification projects, augmenting production and promoting underground mining activities are among the government’s priorities for the coal sector, which is key to meet the country’s rising electricity demand. Besides, efforts will be made to bring more captive and commercial coal mines into operation […]
Captive coal mines output grows 37% in November
NEW DELHI: Coal production from captive coal mines in November 2023 recorded a 37% growth to 11.94 million tonnes (MT), according to the coal ministry. Dispatch from both captive and commercial coal mines during the same period surged to 12.92 MT, marking a 55% growth from the 8.36 MT dispatched in the corresponding month of […]
Government says no favouritism in coal mines allocation
NEW DELHI: After facing criticism over the allocation of coal mines to the Adani Group, the coal ministry on Wednesday refuted such insinuations and clarified that mines are being auctioned through a transparent mechanism. The government rejected claims that Cavill Mining, which was the only other bidder for a mine that Adani Group won in […]
Coal trucks to go on indefinite strike from September 25, steel industries likely to hit
MANGALURU: Trucks supplying coal from New Mangalore Port to steel, sugar and paper industries located in different parts of the state have decided to go on an indefinite strike from September 25 demanding a hike in transportation cost and fulfilling other demands. There are over 2000 trucks that are dependent on coal supply to steel […]