Coal India (CIL) may need to import nearly 15 million tonne coal in 2013-14 to meet the shortfall in domestic coal supplies.
Tag: Coal
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Govt sets up panel for revision of royalty
Some of the mineral rich states like Chhattisgarh, Jharkhand, Karnataka, Odisha, Rajasthan requested to enhance the rates of royalty for major minerals. The government has set up a Study Group on revision of rates of royalty and dead rent for major minerals (other than coal, lignite and sand for stowing) on September 13, 2011. The Study Group has to undertake detailed consultations with all stakeholders. The Study Group is likely to submit its final report shor
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Official calls for firms to take over completed infra projects
Union Economic Affairs Secretary Arvind Mayaram asked private firms to set up facility management companies in order to take over completed infrastructure projects. Speaking at a conference organised by Ficci, the secretary said the facility management companies must take over the operation and maintenance of completed proje
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JSPL aims to be third largest steel maker in 2 yrs
Jindal Steel & Power (JSPL), which is currently the country's sixth-largest steel producer, plans to climb to the third slot by 2015. By 2015, the firm reportedly aims to raise its steel capacity to 14 million tonne per annum (mtpa) and pellet (direct reduced iron) capacity to 14.5 mn tpa. The firm plans to set up a 6 mn tpa steel plant in Angu
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Govt panel discusses PPP models in coal sector
On April 9, 2013, a government-appointed committee met for the first time to discuss various public private partnership (PPP) models in the coal mining sector. Union Coal Minister Sriprakash Jaiswal informed this in Lok Sabha recently
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Govt considers 17 coal blocks for state-run firms
The union ministry of coal circulated 17 coal blocks for allocation to government companies out of which 14 are for specified end-use power and three coal blocks are earmarked for purpose of mining. These blocks would be allotted for eligible companies as per the ‘Auction by Competitive Bidding of Coal Mines Amendment Rules, 2012
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Govt asks NTPC to focus less on gas-based projects
In the context of the severe shortage of natural gas in the country, NTPC has been asked by the union power ministry to focus less on adding gas-based power generation capacity. The state-run power producer has a current gas-based capacity of above 4,000 mw. The country faces acute shortage of natural gas because of the sharp fall in the production of the fuel from the KG-D6 block of Reliance Industries. Paucity of gas
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Govt may set up coal regulatory authority in 4 months
In the next two to four months, Indian government plans to set up an independent regulatory authority for coal sector, Finance Minister P Chidambaram said at the Canada India Business Council meeting. The proposed regulatory authority would become effective mechanisms to address problems being faced in the implementation of coal projects
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Freight traffic of Eastern Railway increased by 4.4%
Eastern Railway (ER) posted 4.4 per cent growth in freight traffic in 2012-13 at 60.30 million tonne (mt) over 57.75 mt in 2011-12, according. This was the highest ever loading since the bifurcation of ER 10 years ago. Coal accounted for the largest share, nearly 70 per cent, at 41.92 mt (38.25 mt).
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Allocatees must follow check list of Odisha govt
The steel & mines department of Odisha government cleared a checklist, which has to be observed by the allocatees of coal blocks in the state. According to the checklist, the allocatees must furnish status of their end-use plants linked to coal blocks. Companies whose coal blocks are at an advanced stages having either been granted prospecting licenses (PL) or mining leases (ML). These companies must com