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WCL Offers Cheaper Coal to Power Gencos

In a bid to help power gencos to reduce their generation cost, Western Coalfields Limited (WCL), a subsidiary of Coal India Limited (CIL) has offered substantial additional quantity of coal to different power gencos of central, west & south india at a cheaper landed price. This will not only help Gencos to minimise their cost to reduce power tariff but ...

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India aims to achieve 100 MT coal gasification target by 2030: Pralhad Joshi 

  India aims for 100 million tonnes (MT) coal gasification by 2030 with investments worth over Rs. 4 lakh crores, said Shri Pralhad Joshi, Union Minister of Coal and Mines. Addressing a webinar on Coal Gasification and Liquefaction, Shri Joshi said that Coal Gasification and Liquefaction is no more an aspiration, but a requirement. He added that for encouraging use of clean ...

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Foreign Direct Investment in Commercial Coal Mining in India

This is with reference to the ongoing auction process of coal mines for commercial coal mining in India, which was launched by the Nominated Authority, Ministry of Coal, Government of India in June, 2020. Foreign Direct Investment (FDI) Policy, 2017 was amended vide the Press Note 4 of 2019, issued by the Central Government, to permit 100% FDI under automatic ...

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Commercial Coal Mining will start new era of development in Chhattisgarh: Pralhad Joshi

Commencement of commercial coal mining will start new era of growth & development in Chhattisgarh, said Union Minister of Coal and Mines Shri Pralhad Joshi. Interacting with media during his visit to Chhattisgarh, Shri Joshi said that it will create around 60,000 additional employment for the people of the State. He added that under commercial coal mining the state will fetch minimum Rs. 4,400 ...

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Demise of Any Coal India Employee Due to Covid 19 Will Be Treated as Accidental Death: Shri Pralhad Joshi 

Death of Coal India employees due to Corona Pandemic will be treated as accidental death and the kins of employee will get the same financial benefits as they get in the case of accidental death during duty, said Union Minister of Coal and Mines Shri Pralhad Joshi. Interacting with media in Ranchi on his one day visit to Jhakhand, Shri ...

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Coal India Limited to produce 710 MT coal in current financial year: Shri Pralhad Joshi

Coal India Limited (CIL) will produce 710 million tonnes (MT) of coal and company’s coal offtake target will also remain at 710 MT for this fiscal. Union Minister of Coal and Mines Shri Pralhad Joshi set these targets for the state-run company while reviewing its performance through video conference on 22nd April 2020. “The demand of coal will pick up again ...

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Coal stocks at power plants increase by 77% to 34.25 MT: Pralhad Joshi

Coal stocks at power plants peaked to 34.25 million tonnes on January 26, equivalent to 19 days’ consumption, and up by 77% as against 19.36 million tonnes, equivalent to 12 days’ consumption at the same time last year. “Thrust has been also given to augment coal supplies to non-power sector by holding regular auction for coal linkages where the consumers ...

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Ministry of Coal Releases Discussion Paper on Auction of Coal Mines for Sale of Coal

Moving ahead after the recent amendments MMDR Act 1957 and the CMSP Act 2015,the Ministry of Coal is initiating the process for auction of coal mines for sale of coal.Expected to be held in multiple tranches, the first tranche is proposed to be launched in the current financial year. The Union Ministerfor Coal and Mines ShriPralhad Joshi said that this ...

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New Guidelines and Simplified Approval Process for Coal Projects; to Enhance Ease of Doing Business

In sync with the Government’s commitment for ‘Ease of doing business’, theMinistry of Coalhas decided to simplify the process of clearance for Coal Mining Projects. This will not only expedite operationalisation of already allotted coal blocks, but also encourage prospective investors/bidders in future auctions. The Ministry of Coal has re-engineeredthe Mining Plan preparation and approval process. This is likely to ...

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Allocation of 5 Coal Mines Approved

The Ministry of Coal, after a long gap of 4 years, has approved the allocation of five Coal Mines. This was the result of the electronic auction conducted by Ministry of Coal in first week of November 2019. The Ministry had initiated the auction processes for 27 coal mines for Non-Regulated sectors previously. The details of the five Coal Mines ...

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