Boosting mining and new projects for India's coal self-reliance
COAL & MINING

Boosting mining and new projects for India's coal self-reliance

Coal Minister G. Kishan Reddy emphasized the need to enhance existing mining operations and initiate new projects to achieve self-reliance in the coal sector. He mentioned that all subsidiaries of the state-owned Coal India Ltd (CIL) must meet their annual targets to satisfy the country's fossil fuel requirements.

The minister assured that the government would provide full support, including assistance with land acquisition and obtaining environmental and forest clearances, to advance these initiatives, as stated by the coal ministry.

Coal India contributes over 80 percent of the country's coal output. During his visit to the headquarters of CIL's subsidiary, Western Coalfields Ltd (WCL), in Nagpur, Reddy conducted a review of the company’s performance. According to the ministry’s statement, he assessed WCL's coal production, productivity, and dispatch efficiency while addressing concerns related to those affected by the projects.

A comprehensive presentation was provided, detailing critical metrics related to coal production, dispatch, and overburden removal for the first and second quarters of the current fiscal year. Additionally, it was confirmed that WCL is on track to meet its annual production targets by the end of the financial year.

Coal Minister G. Kishan Reddy emphasized the need to enhance existing mining operations and initiate new projects to achieve self-reliance in the coal sector. He mentioned that all subsidiaries of the state-owned Coal India Ltd (CIL) must meet their annual targets to satisfy the country's fossil fuel requirements. The minister assured that the government would provide full support, including assistance with land acquisition and obtaining environmental and forest clearances, to advance these initiatives, as stated by the coal ministry. Coal India contributes over 80 percent of the country's coal output. During his visit to the headquarters of CIL's subsidiary, Western Coalfields Ltd (WCL), in Nagpur, Reddy conducted a review of the company’s performance. According to the ministry’s statement, he assessed WCL's coal production, productivity, and dispatch efficiency while addressing concerns related to those affected by the projects. A comprehensive presentation was provided, detailing critical metrics related to coal production, dispatch, and overburden removal for the first and second quarters of the current fiscal year. Additionally, it was confirmed that WCL is on track to meet its annual production targets by the end of the financial year.

Next Story
Infrastructure Energy

Oil Prices Rise Amid Iran-Israel Tensions Despite Record U.S. Output

Oil prices increased due to reports that Iran was preparing a retaliatory strike on Israel from Iraq, although record output from the United States tempered these gains. Brent crude futures rose by 29 cents, or 0.4%, to settle at $73.10 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 23 cents, or 0.3%, closing at $69.49. Both benchmarks had reached session highs of over $2 a barrel earlier in the day. Analyst Ole Hvalbye from SEB Research commented that any Iranian response might be restrained, similar to Israel's limited strike from the previous weekend, suggesting that such a..

Next Story
Infrastructure Urban

South and Southeast Asia to Invest Over $20 Billion in EV Development

A recent report by S&P Global Ratings projects that South and Southeast Asia will invest over $20 billion in electric vehicle (EV) development in the coming years, with India poised to attract significant EV-related investments. The report highlights India's vast market potential as a key driver for this growth. According to the report, the Tata and JSW groups are expected to invest over $30 billion in EVs and EV materials over the next decade, with approximately $10 billion allocated specifically for projects in South and Southeast Asia. The adoption of electric vehicles in India is anticip..

Next Story
Infrastructure Urban

India and Saudi Arabia Explore Collaboration in Emerging Sectors

India and Saudi Arabia are exploring partnerships in emerging fields such as fintech, new technologies, energy efficiency, clean hydrogen, textiles, and mining to strengthen trade and investment ties, an official statement revealed on Friday. The discussions took place during Commerce and Industry Minister Piyush Goyal's visit to Riyadh, where he co-chaired the second meeting of the Economy and Investment Committee under the India-Saudi Strategic Partnership Council (SPC) with Saudi Energy Minister Abdulaziz bin Salman Al-Saud on October 30. These sectors were identified as high-potential are..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000