India Boosts Domestic Coal Production, Opens 67 Mines for Auction
COAL & MINING

India Boosts Domestic Coal Production, Opens 67 Mines for Auction

In a strategic move to bolster energy security and reduce reliance on coal imports, India has opened 67 coal mines for auction. This initiative aims to significantly increase domestic coal production, ensuring a steady and reliable supply of this vital energy resource.

The auctioning of these coal mines is part of the government's broader effort to enhance self-sufficiency in the coal sector. By tapping into the country's vast coal reserves, India seeks to meet growing energy demands and support various industries that rely on coal as a primary fuel source.

Union Coal Minister Prahlad Joshi highlighted that the opening of these mines is expected to attract substantial investments, boost local economies, and create job opportunities. The move aligns with the government's objective to stimulate economic growth while leveraging domestic resources.

The 67 mines up for auction include a mix of coking and non-coking coal blocks, catering to different industrial requirements. The transparent auction process is designed to ensure fair competition and maximize the value derived from these resources. The government is also implementing measures to expedite the operationalization of these mines, aiming to quickly ramp up production levels.

This initiative not only aims to enhance domestic coal availability but also aligns with environmental goals by promoting cleaner coal technologies and sustainable mining practices. By increasing domestic production, India aims to reduce its coal import bill, thereby conserving foreign exchange and strengthening the national economy.

Overall, the auction of these 67 coal mines marks a significant step towards achieving energy self-reliance, fostering economic development, and ensuring a sustainable supply of coal for the country's future energy needs.

In a strategic move to bolster energy security and reduce reliance on coal imports, India has opened 67 coal mines for auction. This initiative aims to significantly increase domestic coal production, ensuring a steady and reliable supply of this vital energy resource. The auctioning of these coal mines is part of the government's broader effort to enhance self-sufficiency in the coal sector. By tapping into the country's vast coal reserves, India seeks to meet growing energy demands and support various industries that rely on coal as a primary fuel source. Union Coal Minister Prahlad Joshi highlighted that the opening of these mines is expected to attract substantial investments, boost local economies, and create job opportunities. The move aligns with the government's objective to stimulate economic growth while leveraging domestic resources. The 67 mines up for auction include a mix of coking and non-coking coal blocks, catering to different industrial requirements. The transparent auction process is designed to ensure fair competition and maximize the value derived from these resources. The government is also implementing measures to expedite the operationalization of these mines, aiming to quickly ramp up production levels. This initiative not only aims to enhance domestic coal availability but also aligns with environmental goals by promoting cleaner coal technologies and sustainable mining practices. By increasing domestic production, India aims to reduce its coal import bill, thereby conserving foreign exchange and strengthening the national economy. Overall, the auction of these 67 coal mines marks a significant step towards achieving energy self-reliance, fostering economic development, and ensuring a sustainable supply of coal for the country's future energy needs.

Next Story
Infrastructure Transport

India’s Maha Kumbh of Road Construction

The RAHSTA Forum 2025, held on June 25 at Courtyard by Marriott, Mumbai, delivered powerful insights and dialogue on the future of India’s roads and highways sector. Organised by the FIRST Construction Council, the Forum served as the curtain-raiser to the much-anticipated RAHSTA Expo 2025, set to take place on 3rd and 4th September at the Jio Convention Centre, Mumbai.Union Minister of Roads Transport & Highways Shri Nitin Gadkari, while appreciating the efforts of FIRST Construction Council and ASAPP Info Global Group, commended the awards which recognise excellence across various..

Next Story
Real Estate

Built to Last, Designed to Impress

The construction and interior design industries stand at the confluence of functionality and aesthetics, where innovation powers the creation of enduring structures and inspiring spaces. At the heart of this process are materials and solutions that enable architects, designers, and builders to realise their visions with precision and reliability.Featuring iconic brands such as Fevicol—synonymous with adhesive solutions—Dr. Fixit, a complete waterproofing system renowned for addressing every critical area of construction, and Roff, a specialist in tile-fixing solutions, Pidilite has earned ..

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?