GOI Issues Vesting Orders for Seven Coal Mines in Commercial Auctions

10 Feb 2025 CW Team

The Ministry of Coal has issued vesting orders for seven coal mines under commercial coal mine auctions, following the signing of Coal Mine Development and Production Agreements (CMDPA) on December 5, 2024. The allotted mines include Gawa (East), Gare Palma IV/5, Marwatola South, New Patrapara South, Sarai East (South), Bartap (Revised), and Kerendari BC North. Among them, five are partially explored, while two are fully explored.

These mines have a combined Peak Rated Capacity (PRC) of 13.10 MTPA and geological reserves of 3,308 million tonnes. They are expected to generate an annual revenue of Rs 13.27 billion based on PRC and attract a capital investment of Rs 19.65 billion. Additionally, the mines will create employment opportunities for approximately 17,500 people, both directly and indirectly.

With these allocations, the total number of coal mines vested under the commercial coal mine auction now stands at 107, with a cumulative PRC of around 246.60 MTPA. The initiative is expected to contribute approximately Rs 340 billion in annual revenue and generate employment for 333,000 individuals across the sector.

(psuconnect)

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..