Govt to permit sale of 50% coal from captive blocks
COAL & MINING

Govt to permit sale of 50% coal from captive blocks

The central government plans to permit the sale of 50% of coal and lignite produced by captive blocks on an annual basis, a move aimed at augmenting the production and increasing the availability of dry fuel.

The government plans to do so by incorporating a provision in the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR). An additional amount will be charged on the merchant sales of coal or lignite by the captive miners.

The Ministry of Mines (MoM) has invited comments from the state governments of coal bearing states and the general public or stakeholders on the said proposals. Click here to view.

The MoM has also invited comments of the state governments, among others, on the proposals for additional amendments being considered in the MMDR Act.


Make in Steel 2021

24 February 

Click for event info


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


Coal import is increasing on a year-on-year basis in India. In 2015-16, the country imported 203.95 million tonne (mn t) of coal, which was increased to 248.54 mn t in 2019-20, and consequent spending of around Rs 1.58 lakh crore in foreign exchange.

Coal is an important input for various core sector industries. Increased availability of coal will lead to an "Atmanirbhar Bharat".

Allowing the sale of coal from captive mines will increase fossil fuel production from captive mines and increase the availability of dry fuel in the market, leading to a reduction in the import of coal.

In the note for consultation of the ministry, it has been proposed to charge an additional amount on grant and extension of mining leases (ML) of both coal and non-coal government companies.

Image: Recently India’s Home Minister  announced that the coal sector of India will see an investment of Rs 4 trillion from state-run and private firms.


Also read: Neelanchal Ispat can sell captive mine ore

Also read: Amendments to mining laws get cabinet nod

The central government plans to permit the sale of 50% of coal and lignite produced by captive blocks on an annual basis, a move aimed at augmenting the production and increasing the availability of dry fuel. The government plans to do so by incorporating a provision in the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR). An additional amount will be charged on the merchant sales of coal or lignite by the captive miners. The Ministry of Mines (MoM) has invited comments from the state governments of coal bearing states and the general public or stakeholders on the said proposals. Click here to view. The MoM has also invited comments of the state governments, among others, on the proposals for additional amendments being considered in the MMDR Act.Make in Steel 202124 February Click for event info4th Indian Cement Review Conference 202117-18 March Click for event info Coal import is increasing on a year-on-year basis in India. In 2015-16, the country imported 203.95 million tonne (mn t) of coal, which was increased to 248.54 mn t in 2019-20, and consequent spending of around Rs 1.58 lakh crore in foreign exchange. Coal is an important input for various core sector industries. Increased availability of coal will lead to an Atmanirbhar Bharat. Allowing the sale of coal from captive mines will increase fossil fuel production from captive mines and increase the availability of dry fuel in the market, leading to a reduction in the import of coal. In the note for consultation of the ministry, it has been proposed to charge an additional amount on grant and extension of mining leases (ML) of both coal and non-coal government companies.Image: Recently India’s Home Minister  announced that the coal sector of India will see an investment of Rs 4 trillion from state-run and private firms. Also read: Neelanchal Ispat can sell captive mine ore Also read: Amendments to mining laws get cabinet nod

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement