Coal sector to see major investments: Home Minister

12 Jan 2021 CW Staff

Union Home Minister Amit Shah has said that state-run and private firms are expected to invest around Rs 4 trillion in India's coal sector this decade. Of this, public sector undertakings (PSUs) will invest Rs 2.5 trillion, in areas such as surface coal gasification, coal bed methane, new coal mining plans, and clean coal projects, Shah said while launching the single-window clearance portal for coal mines.

Shah said that the roadmap is ready for all approvals required for starting a coal mine in India and the coal mine development signing agreements of 19 mines awarded in the first tranche of commercial coal mining auction. The statement comes in the midst of India’s commitment to augmenting clean fuel and to the Paris Accord, whereby 40% cumulative power will be produced using non-fossil resources.

Around 19 major approvals or clearances such as grant of mining lease, mining plan and mine closure plan, wildlife clearance, environment and forest clearances, clearances related to safety, environment, rehabilitation of project affected families and workers' welfare among others are required before starting a coal mine in the country.

In the last 10 tranches, India has offered 116 coal mines for auction. A total of 19 coal mines spread across Jharkhand, Madhya Pradesh, Odisha, Chhattisgarh and Maharashtra were auctioned in the country's first commercial coal mine auction, with the winning bids quoting a 27% average revenue share or premium over and above the floor price. The highest premium bid was 66.75%.

India's first commercial coal mine auctions began in November. As per the two-stage auction process, a bidder must quote the percentage revenue share over the reserve price. There are no restrictions on the sale and utilisation of coal from these mines. Previously, blocks were allocated to companies on payment of fixed amounts per tonne.

Image Source

Infrastructure Urban

23 Oct 2025

PTC Industries and BDL Form JV for Missile and UAV Propulsion

PTC Industries, a leading manufacturer of high-performance materials and precision-engineered components for Defence and Aerospace, has signed a Memorandum of Understanding (MoU) with Bharat Dynamics (BDL) to establish a Joint Venture (JV) for the design, development, and manufacture of propulsion systems, aero-engines, guided bombs, and loitering munitions for missiles and UAVs, subject to regulatory approvals.The MoU was exchanged during the Lokarpan Ceremony of PTC’s Titanium & Superalloys Materials Plant at the Strategic Materials Technology Complex (SMTC), Lucknow, in the presence o..

J&K Bank Reports H1 Net Profit of Rs 9.79 Bn, Q2 at Rs 4.94 Bn

J&K Bank announced a net profit of Rs 4.94 billion for the July–September quarter (Q2) of the current financial year (CFY), bringing its half-year (H1) net profit to Rs 9.78 billion, up from Rs 9.66 billion in H1 last fiscal. The results were approved by the Bank’s Board of Directors at a meeting held at its Corporate Headquarters.The Q2 performance was moderated by Rs 920 million provisioning towards its investment in Jammu and Kashmir Grameen Bank following the amalgamation of Ellaquai Dehati Bank under the “One State, One RRB” initiative. Total provisioning for H1 stands at Rs 1..

Tata Steel, Air Water India Ink 20-Year Deal for Jamshedpur ASU

Tata Steel has signed a 20-year agreement with Air Water India Private Limited (AWIPL) to operate and maintain its advanced Air Separation Unit (ASU) in Jamshedpur. The partnership aims to boost Tata Steel’s industrial gas infrastructure and improve efficiency through the use of cutting-edge cryogenic technologies. The agreement was signed between Peeyush Gupta, Vice President (TQM, GSP & SC), Tata Steel, and Kausik Mukhopadhyay, Managing Director, AWIPL. Under the contract, AWIPL will manage operations of the ASU, which can produce 1,800 tonnes of oxygen per day, along with nitrogen, argon..