+
Coal Ministry to Offer More Incentives for Underground Mine Auctions
COAL & MINING

Coal Ministry to Offer More Incentives for Underground Mine Auctions

The Coal Ministry is planning additional incentives to encourage underground (UG) coal mining in India, aligning with the country’s push for sustainable coal production, a senior government official said. 
The ministry is addressing industry concerns, including requests for reclassification due to the challenges associated with UG mining. Of the 113 commercial mines successfully auctioned, 37 are underground. Officials also confirmed ongoing discussions with the Ministry of Environment, Forest, and Climate Change to secure environmental concessions. 
With the next 2-3 years being critical for ramping up production, the ministry aims to accelerate output from auctioned commercial mines. Currently, these mines produce 20 million tonnes annually, contributing to a total of 157 million tonnes when combined with captive production. By the end of the fiscal year, this figure is expected to reach 170 million tonnes, with a projected increase to 210 million tonnes in 2025-26. 
At present, 14 commercial mines are operational, with more set to commence production soon. In the 11th round of auctions, 27 mines were offered, attracting 72 bids for 17 mines. Technical evaluations are ongoing, and allotments are expected within a month. 
Coal India Chairman P.M. Prasad stated that the company currently feels no impact from commercial mining production. 
(moneycontrol) 
                    

The Coal Ministry is planning additional incentives to encourage underground (UG) coal mining in India, aligning with the country’s push for sustainable coal production, a senior government official said. The ministry is addressing industry concerns, including requests for reclassification due to the challenges associated with UG mining. Of the 113 commercial mines successfully auctioned, 37 are underground. Officials also confirmed ongoing discussions with the Ministry of Environment, Forest, and Climate Change to secure environmental concessions. With the next 2-3 years being critical for ramping up production, the ministry aims to accelerate output from auctioned commercial mines. Currently, these mines produce 20 million tonnes annually, contributing to a total of 157 million tonnes when combined with captive production. By the end of the fiscal year, this figure is expected to reach 170 million tonnes, with a projected increase to 210 million tonnes in 2025-26. At present, 14 commercial mines are operational, with more set to commence production soon. In the 11th round of auctions, 27 mines were offered, attracting 72 bids for 17 mines. Technical evaluations are ongoing, and allotments are expected within a month. Coal India Chairman P.M. Prasad stated that the company currently feels no impact from commercial mining production. (moneycontrol)                     

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?