The Coal Ministry has said it is working in tandem with the Railway Ministry for expeditious laying of three critical rail lines in three States to transport the dry fuel.
Category: Coal & Mining
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Coal import bill continues to rise
India´s coal import bill surged 42 per cent to Rs 11,441 crore in November 2014 despite a 16 per cent increase in Coal India´s production, highlighting the rapidly widening demand-supply gap for the fuel in the country.
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India is not short of coal
My initial focus is totally on the follow-up on the Supreme Court decision. The SC had cancelled the 204 blocks and we are now attempting through a legislation to see that at least in those 42 blocks where the SC had given time till 31st March, we have somebody in position to take over those mines.
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Coal e-auctions likely by February
The Coal Ministry has issued draft guidelines for reallocation of coal mines cancelled by the SC, marking the duties of the authorities appointed to operate the ordinance issued. The Centre plans to conduct a two-stage auction under the Coal Mines Special Provisions Ordinance.
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Global Expertise
Lafarge India has announced that Jean-Carlos Angulo, Executive Vice President Lafarge Group, has replaced Uday Khanna as Non-Executive Chairman of Lafarge India.
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Allocation of coal block likely in Dec
The allocation of coal blocks through e-auction is likely to take place in December as the Ministry of Coal has started preparing for the auction.
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Govt to introduce coal regulator Bill
The government would introduce a Bill in Parliament for setting up an independent watchdog for the coal sector and likely task it with determining a mechanism to price the fuel
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Centre puts CIL’s 90 mining projects on fast track
The government has put 90 of Coal India's (CIL) nearly 150 greenfield and brownfield mining projects on the fast track, entailing an investment of around Rs 88,000 crore, in a bid to augment domestic coal supply quickly and ensure uninterrupted power.
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Restructuring of CIL
The government is set to undertake the restructuring of Coal India (CIL), by creating multiple mega coal companies in line with the recommendations of a government-commissioned study by global consulting firm Deloitte.
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Coal imports set to rise by 20%
According to ICRA estimates, India´s coal import is set to go up significantly in the next financial year.