+
Govt approves policy to use coal mines land for infrastructure
COAL & MINING

Govt approves policy to use coal mines land for infrastructure

The Union Cabinet approved the policy for land acquired under the Coal Bearing Areas (CBA) (Acquisition & Development) Act, 1957, so that land which is mined out or is practically unsuited for coal mining can be used for developing and establishing coal and energy related infrastructure.

The CBA Act allows for the free and clear acquisition of coal-bearing property and vesting in government business.The policy establishes the parameters for the use of such land for energy and coal-related infrastructure.

It means that property owned by government firms like Coal India Limited (CIL) can now be leased out to private businesses for infrastructure development through joint ventures (JV) with CIL.

This unlocking of un-mineable land will also help CIL reduce its operating costs since it will be able to build coal-related infrastructure and other projects like solar plants on its territory using new business models in collaboration with the private sector.

It will make coal gasification projects viable since coal would not have to be delivered to distant locations.

The use of the already acquired property would help reduce new land acquisition and accompanying displacement and simultaneously promote local manufacturing and industry.

The cabinet also approved the memorandum of understanding (MoU) signed between the Securities and Exchange Board of India (Sebi) and the Manitoba Securities Commission in Canada.

It would allow Manitoban investors to register as Foreign Portfolio Investors with Sebi. Around 20 Manitoba-domiciled FPIs with a total AUC of Rs 2,665 crore are projected to gain and be able to continue investing in Indian markets.

The Cabinet also authorised the signing of an Memorandum of Cooperation (MoC) for decentralised domestic waste water management between the Department of Water Resources, River Development, and Ganga Rejuvenation (DoWR, RD&GR), the Ministry of Jal Shakti, and the Japanese Ministry of the Environment.

It is proposed that a Management Council (MC) should be formed to oversee the execution of the MoC by establishing comprehensive collaborative activities and tracking progress.

The Cabinet Committee on Economic Affairs (CCEA) also approved the continuation of the revamped centrally sponsored scheme of Rashtriya Gram Swaraj Abhiyan (RGSA) for implementation from April 1, 2022, to March 31, 2026 (co-terminus with the XV Finance Commission period) to strengthen Panchayati Raj Institutions' governance capabilities (PRIs).

The scheme's overall financial outlay is Rs 5,911 crore, with the central government contributing Rs 3,700 crore and the states contributing Rs 2,211 crore.

Image Source

Also read: Coal India's capex grows 12% to Rs 14,834 crore in FY22

The Union Cabinet approved the policy for land acquired under the Coal Bearing Areas (CBA) (Acquisition & Development) Act, 1957, so that land which is mined out or is practically unsuited for coal mining can be used for developing and establishing coal and energy related infrastructure. The CBA Act allows for the free and clear acquisition of coal-bearing property and vesting in government business.The policy establishes the parameters for the use of such land for energy and coal-related infrastructure. It means that property owned by government firms like Coal India Limited (CIL) can now be leased out to private businesses for infrastructure development through joint ventures (JV) with CIL. This unlocking of un-mineable land will also help CIL reduce its operating costs since it will be able to build coal-related infrastructure and other projects like solar plants on its territory using new business models in collaboration with the private sector. It will make coal gasification projects viable since coal would not have to be delivered to distant locations. The use of the already acquired property would help reduce new land acquisition and accompanying displacement and simultaneously promote local manufacturing and industry. The cabinet also approved the memorandum of understanding (MoU) signed between the Securities and Exchange Board of India (Sebi) and the Manitoba Securities Commission in Canada. It would allow Manitoban investors to register as Foreign Portfolio Investors with Sebi. Around 20 Manitoba-domiciled FPIs with a total AUC of Rs 2,665 crore are projected to gain and be able to continue investing in Indian markets. The Cabinet also authorised the signing of an Memorandum of Cooperation (MoC) for decentralised domestic waste water management between the Department of Water Resources, River Development, and Ganga Rejuvenation (DoWR, RD&GR), the Ministry of Jal Shakti, and the Japanese Ministry of the Environment. It is proposed that a Management Council (MC) should be formed to oversee the execution of the MoC by establishing comprehensive collaborative activities and tracking progress. The Cabinet Committee on Economic Affairs (CCEA) also approved the continuation of the revamped centrally sponsored scheme of Rashtriya Gram Swaraj Abhiyan (RGSA) for implementation from April 1, 2022, to March 31, 2026 (co-terminus with the XV Finance Commission period) to strengthen Panchayati Raj Institutions' governance capabilities (PRIs). The scheme's overall financial outlay is Rs 5,911 crore, with the central government contributing Rs 3,700 crore and the states contributing Rs 2,211 crore. Image Source Also read: Coal India's capex grows 12% to Rs 14,834 crore in FY22

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..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?