The coal ministry has objecÂted to a proposal to make it mandatory for mining firms to contribute a portion of their profits towards local area develÂopment, as it will erode valuaÂtion of firms and dampen invesÂtor sentiment.
Tag: Coal
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Merchant power cos under pressure
Lower merchant power rates and higher coal prices would ensure sustained pressure on profitability of non-integrated companies.
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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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Land acquisition on fast track
The coal ministry will set up a committee with time-bound targets, to speed up land acquisition and statutory clearÂances for projects as part of its plan to boost production in 2011.
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NMDC to acquire coal mine
NMDC's has moved closer in its bid to acquire a coal mine in the US which will feed its proposed steel plants in India.
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Acute coal shortage says CIL
Power generation projects with investments to the tune of Rs 75,000 crore are facing a threat—an acute shortage of domestic coal.
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Policy to connect mines faster
The Ministry of Railways has announced a new policy for conÂnecting coal and iron ore mines by rail.
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Expertspeak: New plan needed to achieve Agenda goals
Tuticorin port recently beat its own record, handling 24,550 mt of pet coke in a single day, but we will need many more record-breakers if we have to achieve the Agenda goals.
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7 blocks and 20 washeries
The Coal Ministry has identified seven blocks for development of underground coal gasification (UCG) to promote clean technologies in coal mining.
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Captive coal blocks: Capturing future scarcity today
The coal ministry is expected to table the Coal Regulatory Authority Bill in the Parliament in the ongoing Budget Session. If passed, it would mean a new era in transparency in captive coal block allocation.