Coal Ministry Targets Import Reduction

21 Jun 2024 CW Team

The Indian Ministry of Coal is intensifying its efforts to reduce coal imports by prioritizing the swift operationalization of coal blocks. This initiative is in response to the country's growing energy demands and aims to enhance domestic coal production capabilities. The ministry has set a goal to operationalize 58 new coal blocks by the end of the financial year 2024-25. These blocks, once fully operational, are expected to significantly contribute to the reduction of coal imports and bolster energy security in India.

To achieve this target, the ministry is collaborating with various stakeholders, including state governments and private sector entities. They are working on streamlining the clearance process, addressing land acquisition issues, and ensuring the timely availability of infrastructure support. The ministry is also focusing on leveraging advanced technologies and sustainable mining practices to enhance efficiency and minimize environmental impact.

The push for rapid operationalization is part of a broader strategy to increase domestic coal production and decrease reliance on imports, which have been a significant burden on India's economy. The ministry is confident that with the successful operationalization of these coal blocks, the country will witness a substantial decrease in coal imports, thereby saving foreign exchange and strengthening the domestic coal industry.

In addition to operationalizing new coal blocks, the ministry is also emphasizing the need for efficient management of existing coal resources. This includes optimizing production processes, improving transportation logistics, and ensuring better coordination between various departments. The ministry's proactive approach aims to create a robust and self-sufficient coal sector that can meet the nation's energy requirements sustainably and efficiently.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..