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One More Coking Coal Mine Auctioned on Third Day of Auctions On third day of auctions under 9th round and 8th round of commercial coal mine auctions, 1 mine was put up for auction. The coal mine is partially explored coking coal mine. The total geological reserve for the coal mine is 200 Million Tonnes. Including today’s auction, a total of 4 coking coal mines have ...

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Diversification of Coal CPSE’s for Sustainable Energy Ecosystem

The Ministry of Coal is at the forefront of a transformative initiative aimed at diversifying Coal CPSEs, thereby enhancing their sustainability and making significant contributions to India’s energy security. This initiative aligns perfectly with the Government’s broader vision of fostering a future-ready, resilient, and sustainable energy ecosystem. The Ministry of Coal has identified key areas for diversification and is broadening ...

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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) of coal up to 7th March 2024 during the current fiscal, surpassing last financial year’s production of 703.20 MT by an impressive margin of 24 days. Additionally, CIL maintains an ample coal stock of 72.70 MT as of 7th March 2024. To enhance domestic coal production, the ...

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Year of Exponential Growth of Coal CPSEs

Last one year, coal CPSEs have witnessed an exponential growth commensurate with their contribution to the economy of the country, which has been reflected in their Market capitalization, CAPEX and profitability. Market Capitalization Coal CPSE’s CIL & NLCIL have witnessed phenomenal growth in their core operation. This has boosted investors confidence in these PSUs stocks thereby leading them to their ...

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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 illegally barred West Bengal from coal auctions, benefiting a corporate. It is alleged that Coal Ministry disqualified West Bengal Power Development Corporation Limited (WBPDCL) from participating in auction of West Bengal based coal mines considering WBPDCL as a prior allottee and has not paid addition ...

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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.  More than 70% of our power generation is contributed by Thermal Power Plants.  For growing economy, the requirement of power is fast increasing. The Indian coal sector has undergone radical changes during last 10 years. The all-encompassing strategy, evident in initiatives such as commercial ...

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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 from captive and commercial. The total coal production and dispatch from captive and commercial coal mines during the period from 1st April to 29th February 2024 was 126.80 MT and 128.88 MT, marking an impressive increase of 27.06% and 29.14% respectively, as compared to the same ...

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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 initiative, the “Coal Logistics Plan and Policy” organized by the Indian National Committee World Mining Congress with the patronage of the Ministry of Coal in Vigyan Bhawan, New Delhi Addressing the event, Shri Pralhad Joshi underscored the imperative need for efficient logistics to meet the ...

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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 producing States in the Country. State Governments are entitled to receive 14% of Royalty on sale price of coal, DMF @30% of royalty, 2 % of NMET from the coal produced by the coal companies and also the private sector. In case of captive/ ...

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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 Managements (IIM) Mumbai and Sambalpur, today, i.e., 1st March, 2024, marking a crucial step in multimodal connectivity infrastructure for coal transportation in alignment with the PM Gati Shakti National Master Plan 2021.   The collaboration, through a Memorandum of Understanding (MoU) signed between the two ...

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