+
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
Equipment

MHI to Design Japan’s Largest CO2 Capture Plant

Mitsubishi Heavy Industries, (MHI) has secured a contract from Hokkaido Electric Power Co., Inc. (HEPCO) for the basic design of a CO2 capture plant at the Tomato-Atsuma Power Station. The facility will use MHI’s proprietary CO2 capture technology to remove 5,200 tonnes of CO2 per day from flue gas emitted during boiler combustion. This Front End Engineering Design (FEED) marks a step towards Japan’s largest CO2 capture plant.  Under this project, MHI will assess the plant’s primary equipment and technical specifications, in preparation for future deployment. The initiative for..

Next Story
Real Estate

IHCL Signs New Ginger Hotel in Kanpur

The Indian Hotels Company (IHCL), India’s largest hospitality company, has announced the signing of a new Ginger hotel in Kanpur, Uttar Pradesh. This will be a greenfield project. Deepika Rao, Executive Vice President, New Businesses and Hotel Openings, IHCL, said, “Kanpur is a prominent manufacturing and commercial centre in Uttar Pradesh, making it an ideal location for Ginger’s offering. This signing is part of our strategy to build Ginger’s presence in such emerging cities. We are delighted to extend our partnership with JK Urbanscapes Developers.” The 100-key Ginger Ka..

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?