By FY26, Coal India to invest Rs 910 billion on diversification

Coal Minister: Sufficient stock to meet rising demand, Pralhad Joshi assures

Coal Minister Pralhad Joshi has assured that there is an adequate supply of coal to meet the increasing demand, addressing concerns amidst rising electricity requirements. In response to the growing demand driven by humid weather and heightened irrigation needs due to dry spells in certain regions, Joshi confirmed that both thermal power plants and state-owned Coal India Ltd possess a combined coal stock of approximately 80 million tonnes. The record-breaking electricity demand, peaking at 234 GW on August 17, can be attributed to these weather conditions.

Though coal stocks at powe..

NLC establishes green energy joint venture with Assam Discom

NLC India Ltd (formerly Neyveli Lignite Corp. Ltd) intends to invest Rs 10 billion ($125 million) in a green energy joint venture it is forming with Assam Power Development Co. Ltd. (APDCL).

The investment proposal has already been submitted to the Union government, with the JV establishing a 1 gigatonne (GW) initial solar power capacity in Assam for around 5,500 crore. These solar power projects are expected to cost Rs 55 million per megawatt (MW) and will be constructed in India in stages, with 200 MW added each year.

NLC will fund this equity with internal accruals. Last ..

Coal Ministry to take up 19 additional projects

For Coal India Ltd (CIL) and Singareni Collieries Company Limited (SCCL), the Ministry of Coal will take on an additional 19 first mile connectivity (FMC) projects with a combined capacity of 330 million tonnes. These projects will be completed by the fiscal year 2026–2027.

The coal ministry announced on Monday that it had already invested 180,000 million in 55 such projects, totaling 526 MTPA in capacity (44 CIL, 5 SCCL, and 3 NLCIL).

"Eight projects, of which six (CIL) and two (SCCL) are of 95.5 MTPA capacity have been put into service, and by FY2025 the remaining capac..

Hindustan Zinc, Jindal Power vie for Rajasthan Gold Mines

Several prominent Indian firms including Hindustan Zinc, Jindal Power, and JK Cement are competing for the rights to operate two gold mines in Rajasthan. This competitive bidding process, overseen by the Rajasthan government, highlights growing interest in India's mining sector despite regulatory and operational challenges.

The auction, facilitated under the Mines and Minerals (Development and Regulation) Act, aims to allocate mining rights for the Bhukia and Khetri mines in Rajasthan. These mines are estimated to hold significant reserves of gold, attracting bids from major players in ..

Coal India and NMDC eye lithium mines

Coal India and NMDC, two of India's foremost mining companies, are actively exploring opportunities to delve into the lithium mining sector overseas. With the increasing global demand for lithium, driven primarily by the surge in electric vehicles and renewable energy storage solutions, the move signifies a strategic shift in the companies' focus towards emerging minerals crucial for the future of clean energy. As traditional mining commodities face fluctuating demand and environmental scrutiny, diversifying into lithium presents a forward-looking approach for sustainable growth.

Lithi..