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

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..