Adani Enterprises has signed five agreements with NTPC for supply of imported coal. Adani will supply 4 million tonne of coal imported from global sources between March to June 2012 to NTPCââŹâ˘s 14 power stations across India.The imported coal is required to meet the coal blending reĂÂquiĂÂreĂÂments of the NTPC power stations.
Category: Coal & Mining
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Being global has its rewards!
Indian power companies are often global by compulsion, seeking coal from mines acquired abroad. Adani Mining Pty, the Australian arm of the Adani Group,commenced its mining exploration programme in the Galilee Basin in Queensland, Australia.Now, the Adani Group is the single largest Indian investor in Australia in coal mining, creation of dedicated railway infrastructure to transport the coal to ports and dedicated coal terminals such as Adani Abbott Point Coal Terminal.
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The Reasonability of Auction
The 2G spectrum verdict on the astonishing day of 2 February pronounced a cancellation of all 121 permits given after 10 January 2008 by the then Telecom Minister A Raja. There is a fundamental flaw in the principle of first-come-first-served in the distribution of state-owned natural resources,
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Mining: Free up hi-tech imports
The government should permit duty free import of high capacity equipment reqĂÂuired for underground mining, and faciĂÂlitate land, shifting of utilities, environment clearance, cutting of trees, etc.
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Cement: Inflationary impacts
The last year and a half has seen high interest rates which have contributed to a subdued growth sentiment. For inclusive growth, it is vital that a correction in the interest rates is actioned so that
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Revised proposal for 'no-go' area projects
The Coal Ministry has asked states to give fresh proposals to the Environment Ministry for projects stuck in no-go areas. This would help redeem investment amounting to Rs 40,000 crore in key infrastructure projects in power, cement and steel sectors.
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CIL's new pricing method
A change has been announced by Coal India (CIL) in the pricing method for its non-coking coal, which should help the company improve price realisation per unit and maintain its profitability.
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Cap on future mining in Goa proposed
A Goa government panel has recommended capping minĂÂing activity in the coastal state at 20 million metric tonne in the next four years in order to protect fragile ecosystem and reduce the social stress.Goa Golden Jubilee Development Council (GGJDC), headed by scientist Raghunath Mashelkar, has pointed out that unbridled mining activity has surpassed the social and environmental threshold in the region.
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Orissa mining information
Orissa government has agreed to provide the updated information on status of prospecting licence applications, renewal of mining leases and digitisation of mining lease boundaries as requested by Justice MB Shah Commission of enquiry. The probe panel sought this information after inspection of illegal mining activities in Orissa during its six day visit.
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Coal imports estimate
The government estimates say that the country is likely to import 194 million tonne (mt) of coal in 2017, as against 135 mt at present, to meet the demand of the power sector.The government said that the dependence on imported coal would go up. The dependency has increased from 6 percent to 13 percent in the last 5-6 years.