The power and coal sectors will shortly issue orders worth over Rs 1 lakh crore for various projects, including four new giant power projects, according to Piyush Goyal, Union Minister of Coal, Power and Renewable Energy.
Tag: Coal India
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Open Sesame!
Public Sector Units (PSUs) will be pushing the growth engine of the country, be it through almost 18 lakh acres of land reserves with these companies or the cash reserves of almost Rs 2,00,230 crore kept as bank deposits by these enterprises.
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Stocks & Barrels
ItĂ´s raining good news for the Indian economy. Credit Suisse has said that India will witness the fastest dollar nominal growth in 2015. And falling oil prices are proving to be a major windfall for 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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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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FDI in infrastructure: Key Challenges
In addition to fuel shortage for thermal power projects, the power sector in general suffers from regulatory delays, chief of which are the land acquisition and environmental clearance issues.
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Biggest underground mine to open
IndiaĂ´s second-largest coal producer Singareni Collieries will open the countryĂ´s biggest underground mine this month with a capacity of 2.8 million tonne per year, which should help the firm edge past its output target for this fiscal year.
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Racks of investment
At present, India is not yet ready with the concept of third party involvement for building up rail infrastructure for coal linkages. Now with the positivity which the present government has got along, investors are optimistic about fast-track solutions for coal linkage issues.
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CIL misses output target again
Coal India produced only 34.54 million tonne of coal in August, missing the target for a fourth month, even as acute fuel shortages continue to hit power generation. The target for August was 35.13 million tonne (mt).