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
Tag: Coal
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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
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SCR’s freight up thanks to more movement of coal
In the last fiscal, the South Central Railways has achieved an eight per cent increase in freight loading due to increased movement of coal and fertilisers. The zone handled 111.5 million tonne of cargo during the year against 103.2 mt in the previous year.
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Cargo handling at PPT rises 4.2%
Cargo volume handled by Paradip Port Trust (PPT) rose 4.24 per cent to 56.55 million tonne (mn t) during 2012-13 compared to 54.55 mn t in the earlier year. The port raised its cargo handling capacity to 102 mn t in 2012-13 from 80 mn t last year following commissioning of the single point mooring for handling 320,000 tonne capacity vessels
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PM says govt takes steps to revive investment climate
Prime Minister, Manmohan Singh said the government was addressing many impediments affecting the implementation of infrastructure projects in order to revive the investment climate domestically. He said this during his address at the CII National Conference and Annual General Meeting, in
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Haryana govt may explore legal option against CEA order
The order of the Central Electricity Regulatory Commission (CERC) allowing Adani Power to charge "compensatory" tariffs for electricity from its Mundra plant has not gone down well with Haryana government. The state government plans to take legal action against the CERC order as it feels that the order violates the p
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Experts want govt to allow pvt participation in coal sector
In order to increase coal production in the country, experts suggest government to end the monopoly of Coal India (CIL) and its subsidiaries in the sector. They suggest the government to amend laws to allow more private participation in the space. They want the government to allow foreign and local mining comp
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Expert calls for steps to boost oil and gas output
Metis Business Solutions (Metis BSPL) is a leading analytical highlights, information and marketing intelligence provider for power and coal sector. S Ravishankar, Director - Energy Practice, Metis BSPL, feels that the government must introduce a long term plan to step up domestic oil and gas production by
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Price of steel products rise
The prices of steel products like Hot Rolled Coil and TMT bar have increased by 34.38 percent and 35.64 percent respectively during the last 3 years. This is owing to increase in cost of crucial raw materials, labour, transportation and other inputs. Minister of Steel, Beni Prasad Verma informed this in Lok Sabha. The minister said, although the prices of Coking Coal have decreased (in rupee terms) by 15.20 perc