Coal Ministry to Offer More Incentives for Underground Mine Auctions

20 Feb 2025 CW Team

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)

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..