11 new captive coal mines to go on stream this year
COAL & MINING

11 new captive coal mines to go on stream this year

Eleven new captive and commercial coal mines are expected to commence production in the current financial year ending March 2023, with five blocks dedicated to the power sector and two for steel production.

“By the end of FY23 (March 2023), a total of 48 captive and commercial mines will be in operation, with 11 new mines expected to come on stream. Five of these are located in Jharkhand and will be dedicated to power production by companies such as National Thermal Power Corp (NTPC), Damodar Valley Corporation, and the Punjab Electricity Board, and two to steel production by JSW Steel and Araanya,” the International Energy Agency (IEA) said in its latest report.

For the current fiscal year, captive and commercial mines are expected to raise their production considerably to about 140 million tonnes (mt). In FY22, captive mines increased their production by around 30% y-o-y to a total of about 90 mt, it added.

Commercial mining is the government’s third strategic pillar to boost India’s domestic coal production, the IEA pointed out.

In November 2022, the Coal Ministry launched the 6th round of commercial mine auctions, including 141 coal mines, of which 71 are new mines, 62 are ones not awarded in previous auctions and eight are ones for which single bids were received in the fifth auction. This is the largest coal mine auction so far.

See also:
Vensar gets LoA from WCL for Valni coal mine rehab
Goa govt completes first round of iron ore mining block auction


Eleven new captive and commercial coal mines are expected to commence production in the current financial year ending March 2023, with five blocks dedicated to the power sector and two for steel production. “By the end of FY23 (March 2023), a total of 48 captive and commercial mines will be in operation, with 11 new mines expected to come on stream. Five of these are located in Jharkhand and will be dedicated to power production by companies such as National Thermal Power Corp (NTPC), Damodar Valley Corporation, and the Punjab Electricity Board, and two to steel production by JSW Steel and Araanya,” the International Energy Agency (IEA) said in its latest report. For the current fiscal year, captive and commercial mines are expected to raise their production considerably to about 140 million tonnes (mt). In FY22, captive mines increased their production by around 30% y-o-y to a total of about 90 mt, it added. Commercial mining is the government’s third strategic pillar to boost India’s domestic coal production, the IEA pointed out. In November 2022, the Coal Ministry launched the 6th round of commercial mine auctions, including 141 coal mines, of which 71 are new mines, 62 are ones not awarded in previous auctions and eight are ones for which single bids were received in the fifth auction. This is the largest coal mine auction so far. See also: Vensar gets LoA from WCL for Valni coal mine rehabGoa govt completes first round of iron ore mining block auction

Next Story
Technology

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Next Story
Infrastructure Transport

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Next Story
Infrastructure Urban

Delay Analysis in Construction Arbitration

In construction disputes, ‘delay analysis’ is essential for establishing the cause of delay, which in turn determines whether the contractor is entitled to an extension of time and associated costs or whether the employer is justified in imposing liquidated damages. This article enunciates various methods employed in the analysis of construction delays. It provides a detailed overview of the techniques used to identify, quantify and apportion delays among project stakeholders that are critical for the resolution of disputes pertaining to extension of time (EOT) and substantiation of EOT cl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?