Home » COAL » Ministry of Coal finalizes Action Plan for 2022-23 Focus On 15 Crucial Areas

Ministry of Coal finalizes Action Plan for 2022-23 Focus On 15 Crucial Areas

The Ministry of Coal has finalized an Action Plan Document for the year 2022-23 which broadly focuses on the following areas:

  1. Grey Hydrogen
  2. Just Transition/ Energy Transition
  3. Restructuring Coal Mines Provident Fund Organisation. (CMPFO)
  4. Coal evacuation
  5. Benchmarking of Machines & Quantifiable Parameters (Output per hr/per machine)
  6. Outsourcing of Coal India Ltd. (CIL) Mines
  7. Coal Trading Platform
  8. Regulatory Mechanism for coal
  9. Training
  10. Corporate Restructuring of Coal Sector (CPSEs)
  11. Quality Issues
  12. Lignite Gasification
  13. Coking Coal Strategy
  14. Coal Pricing Reforms
  15. Futuristic Agenda- comprises of :-
  16. Coal to Chemical
  17. CIL diversification
  18. Robust Media campaign
  19. Close monitoring of CSR activities

This is for the second time that an Agenda document for the year has been brought out in the form of a compilation and provided to all senior functionaries who have been apportioned the responsibility of steering these focus areas through the year with regular monitoring and appraisals.

The areas covered step up the major reforms done in the last few years and also give direction for covering and meeting the existing and the emerging challenges of the Coal Sector and aligns itself well with the emerging technologies and diversification thrust of the Coal Sector.

The Action Plan covers the entire gamut of areas for steering the Coal Sector into new technologies while focussing on the core competence of increasing production targets. Coking Coal Mission had been launched by the Ministry for enhancement of coking coal production from 45 Million Ton in 2020-21 to 140 MT by 2029-30 which includes 105 MT from CIL.

Work on the following areas from previous year’s Agenda will be continued this year also :

  1. Coking Coal Strategy
  2. Coal Pricing Reforms
  3. Futuristic Agenda

The Futuristic Agenda includes- Coal to Chemical: Syn Gas, Hydrogen Gas, Liquid fuels, Chemicals and fertilizers, CIL – diversify its business and explore prospects in sunrise industries electric charging pods, EVs etc., acquisition and mergers of similar or new business after due diligence, media campaigns and close monitoring of CSR activities.

The Action Plan for 2022-23 is available on https://coal.nic.in/sites/default/files/2022-05/31-05-2022a-wn.pdf

About IIPnews

Leave a Reply

Your email address will not be published. Required fields are marked *



Check Also

One More Coking Coal Mine Auctioned on Third Day of Auctions On third day of ...

Diversification of Coal CPSE’s for Sustainable Energy Ecosystem

The Ministry of Coal is at the forefront of a transformative initiative aimed at diversifying ...

CIL Achieves Record Coal Production of 703.91 MT up to 7th March 2024

The Coal India Limited (CIL) has achieved a record production of 703.91 million tonnes (MT) ...

Year of Exponential Growth of Coal CPSEs

Last one year, coal CPSEs have witnessed an exponential growth commensurate with their contribution to ...

Coal Ministry’s Response to Allegations Raised Against Coal Auctions held in 2015

Recently, an article has been published in a section of media alleging that Union Government ...

Historical Coal Production growth: Cheaper and Assured Availability

Our country is endowed with 5th largest geological reserves of coal.  We are 2nd largest consumers of ...

Coal Production and Dispatch from Captive and Commercial Mines Goes up by 27% and 29% respectively during Current Fiscal upto February 2024

There is month on month (m-o-m) and year-on-year (yoy) increase in coal production and dispatch ...

Union Minister Pralhad Joshi launches “Coal Logistics Plan and Policy”

Union Minister of Coal, Mines and Parliamentary Affairs Shri Pralhad Joshi has launched a groundbreaking ...

13.80% Compounded Annual Growth rate of revenue from Coal Mining during 2014-2023

Coal mining sector has proved to be a big booster for economic growth of the ...

Coal India Limited Signs MoU with Indian Institute of Managements (IIM) to boost PM’s mission Gati Shakti

The Coal India Limited entered into a Memorandum of Understanding (MoU) with Indian Institute of ...

WP2Social Auto Publish Powered By : XYZScripts.com