Vedanta is planning to acquire coal mines via auctions as the mining conglomerate seeks to ensure fuel security for its energy guzzling aluminium plants.
Coal India has already doubled output growth since Modi came to power two years ago, owing to the removal of hurdles to production like environmental clearances and land acquisition.
Even as Coal India’s production peaked in FY16 at 535 million tonne and stocks have piled up at pitheads, power stations with aggregate capacity of 8,000 mega watts (MW)...
Allocation of coal linkages for the non-regulated sector, which includes steel and cement, will be only through the auction route to ensure transparency, government said today.
As part of its policy for the development of coal gasification, the government has set up an inter-ministerial panel for identifying coal and lignite mines to be put up for auction or allotment.
The government has approved the methodology for fixing upfront payment and reserve price for allotment of coal blocks to PSUs for sale of the fossil fuel mainly to medium, small and cottage industries.
Government is getting ready to open up commercial coal mining to private companies for the first time in four decades, with the aim of shifting the world's third-biggest coal importer towards energy self-sufficiency.
Coal-based thermal plants in the country may have to spend a massive Rs 2.4 lakh crore over the next two years for the technical upgrades to meet the stringent and ambitious emission norms notified by the ministry of environm
The government on Wednesday decided to cancel the fourth tranche of coal block auction citing lack of demand from companies in the non-regulated sectors like steel, aluminium and cement.
Citing India's announcement to double its coal production by 2020, an influential US lawmaker today alleged that the Paris agreement on climate change is just a "window dressing" in the absence of mandatory targets for reduct
