The coal minister has ruled out scrapping of e-auction of coal and indicated that any such move would increase the pithead stock.
Category: Coal & Mining
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Import only on price, quality: Min
Imports have not exactly been a roaring success, and the coal ministry is not entirely in favour of Coal India importing coal from abrÃÂoad.
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Huge coal shortfall estimated in 10 years
The government has admitted that the country would face a huge shortfall of 269 mt of coal by 2021-22 as the coal producing entities had failed to keep pace with the demand as well as economic growth.
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CIL hikes coal prices by 15 per cent
Coal India will raise the price of coal on an average by about 15 per cent to bring in some parity between domestic and international prices.
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Waterways for coal transport
NTPC has tied up with Inland Waterways Authority of India (IWAI) to ensure smooth transportation of coal for the Farraka and Khelgaon projects as the railways network is congested and coal supply can be augmented through use of waterways given that the plants are situated near the Hooghly and the Ganga.
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Objecting 26 per cent profit to locals
The coal ministry has objecÃÂted to a proposal to make it mandatory for mining firms to contribute a portion of their profits towards local area develÃÂopment, as it will erode valuaÃÂtion of firms and dampen invesÃÂtor sentiment.
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Image makeover
NC Jha, Director Technical, took charge as the acting Chairman of Coal India (CIL) after Partha S Bhattacharya retired on February 28.
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Privatisation plan revived
Union Coal Ministry has decided to renew a decade-old proposal of opening up the sector for private investors in order to boost production in the sector.
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Locals receive coal blocks
Coal Minister S Jaiswal approved a policy for small and isolated coal blocks that are economically unviable but are enough to feed local demand.
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Land acquisition on fast track
The coal ministry will set up a committee with time-bound targets, to speed up land acquisition and statutory clearÃÂances for projects as part of its plan to boost production in 2011.