Coal Ministry promotes CPSE diversification

29 Feb 2024 CW Team

The Coal Ministry announced that it was actively encouraging extensive diversification within central public sector units, including Coal India, aligning with the country's commitment to a varied energy mix. The ministry, which has administrative control over two large Central Public Sector Enterprises (CPSUs) - Coal India (CIL) and NLC India (NLCIL), expressed its commitment to diversifying the energy mix.

In a statement, the coal ministry stated, "The Ministry of Coal is actively promoting extensive diversification within CPSEs, establishing pit-head TPPs, solar power plants, coal/lignite gasification plants, and critical mineral exploration, in line with India's commitment to diversifying its energy mix."

The ministry emphasised the utilisation of de-coaled land for cost-effective pit-head thermal power plants. The directive aims to ensure sustainable operations for both PSUs, anticipating a future coal surplus.

CIL, a dedicated coal company with seven arms, and NLCIL, involved in lignite, power generation, new renewable energy, and coal mining, are the two CPSUs under the ministry's control.

The necessity for diversification was underscored, particularly in the context of the climate change narrative. The goal is to diversify into non-coal sectors, secure new businesses, and effectively use substantial reserves.

CIL, which contributes around 80 percent of the country's domestic coal production, accounts for approximately 65 percent of the consumption of fossil fuels in the country.

Real Estate

14 May 2026

AIDO Launches Smart Hotel Lock for Hospitality Spaces

AIDO, an endorsed brand of dormakaba, has launched the AIDO Hotel Lock, designed to improve secure and seamless access management across hotels, serviced residences and institutional spaces. The solution combines smart security, operational efficiency and contemporary design to support modern hospitality requirements.The lock features integrated electronic mortise functionality, reverse lifting handle locking and compatibility with third-party property management system platforms, enabling smoother room access and check-in operations. Powered by 6V DC with four AA alkaline batteries, it offers..

Häfele Unveils Zenith Digital Lock

Häfele has introduced the Zenith Digital Lock, designed to enhance home security through smart technologies and versatile locking functions. Finished in Black and Grey, the lock blends with modern interiors while offering a refined, tech-enabled access experience.The lock features Smart Password technology for secure access and added protection against password tracing. Its Smart Voice function provides guided assistance for easy operation, while Smart Freeze temporarily disables access after multiple incorrect attempts, strengthening safety and control.The Zenith Digital Lock also offers mul..

KBL Revenue Rises 11 Per Cent in Q4 FY26

Kirloskar Brothers Limited reported consolidated revenue from operations of Rs 14.15 billion for Q4 FY26, compared to Rs 12.81 billion in Q4 FY25, registering around 11 per cent year-on-year growth. Consolidated Profit Before Tax stood at Rs 1.47 billion, against Rs 1.27 billion in the corresponding quarter last year. Profit After Tax stood at Rs 1.04 billion, compared to Rs 1.12 billion in Q4 FY25.For FY26, consolidated revenue from operations stood at Rs 45.38 billion, compared to Rs 44.92 billion in FY25. Consolidated Profit After Tax for the year was Rs 3.61 billion, against Rs 4.03 billio..