Cabinet greenlights Rs 29.80 bn for Coal and Lignite Exploration
COAL & MINING

Cabinet greenlights Rs 29.80 bn for Coal and Lignite Exploration

The government announced that the central sector plan called the 'Exploration of Coal and Lignite scheme' has been approved to continue. The estimated expenditure for this scheme is Rs 29.80 billion. According to a statement by the Cabinet Committee on Economic Affairs (CCEA), the extension will be from 2021-22 to 2025-26, which aligns with the 15th Finance Commission cycle.

The approval for the continuation of the Central Sector Scheme of 'Exploration of Coal and Lignite scheme' with an estimated expenditure of Rs 29.80 billion from 2021-22 to 2025-26, co-terminus with the 15th Finance Commission cycle, was given by the CCEA chaired by Prime Minister Narendra Modi.

The scheme consists of two main stages: the Promotional (Regional) Exploration and the Detailed Exploration in non-Coal India blocks. Rs 16.50 billion will be allocated for promotional (Regional) exploration, while Rs 13.30 billion will be allocated for detailed drilling in non-CIL areas.

The Regional exploration will cover an approximate area of 1,300 sq km, while the detailed exploration will cover about 650 sq km, added the statement.

The purpose of exploring Coal and Lignite is to determine and estimate the available coal resources in the country. This information is crucial for preparing detailed project reports for coal mining initiatives.

The geological reports generated through these exploration activities are used for auctioning new coal blocks. The cost incurred during the process is subsequently recovered from the successful allocatee.

Also read:
Rs 2.57 billion order secured by GOCL Corporation from Coal India
ICRA forecasts a growth of 5-5.5% in the total power demand for FY24


The government announced that the central sector plan called the 'Exploration of Coal and Lignite scheme' has been approved to continue. The estimated expenditure for this scheme is Rs 29.80 billion. According to a statement by the Cabinet Committee on Economic Affairs (CCEA), the extension will be from 2021-22 to 2025-26, which aligns with the 15th Finance Commission cycle. The approval for the continuation of the Central Sector Scheme of 'Exploration of Coal and Lignite scheme' with an estimated expenditure of Rs 29.80 billion from 2021-22 to 2025-26, co-terminus with the 15th Finance Commission cycle, was given by the CCEA chaired by Prime Minister Narendra Modi. The scheme consists of two main stages: the Promotional (Regional) Exploration and the Detailed Exploration in non-Coal India blocks. Rs 16.50 billion will be allocated for promotional (Regional) exploration, while Rs 13.30 billion will be allocated for detailed drilling in non-CIL areas. The Regional exploration will cover an approximate area of 1,300 sq km, while the detailed exploration will cover about 650 sq km, added the statement. The purpose of exploring Coal and Lignite is to determine and estimate the available coal resources in the country. This information is crucial for preparing detailed project reports for coal mining initiatives. The geological reports generated through these exploration activities are used for auctioning new coal blocks. The cost incurred during the process is subsequently recovered from the successful allocatee. Also read: Rs 2.57 billion order secured by GOCL Corporation from Coal IndiaICRA forecasts a growth of 5-5.5% in the total power demand for FY24

Next Story
Infrastructure Energy

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Next Story
Infrastructure Urban

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Next Story
Infrastructure Energy

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?