India to close 30 coal mines, promote reforestation

18 May 2023 CW Team

Approximately 30 coal mines will be shut down within the next three to four years in order to make way for forests or bodies of water, according to Amrit Lal Meena, the Secretary of the Ministry of Coal. Meena made this announcement during the third Energy Transitions Working Group meeting, which was held as part of the G20 summit in Mumbai on Monday.

Meena also stated that there would be a significant reduction in the amount of imported coal. Chittaranjan Tembhekar reports on this development.

"The areas where coal has been extracted will be utilised in an environmentally-friendly manner by filling them with fly ash and creating forested areas, agricultural land, solar power plants, and bodies of water," he explained. He further added that Coal India and other government agencies involved in coal mining are on track to achieve a net-zero targets of 5,200 units of solar power production by 2026, in order to compensate for the carbon emissions resulting from the energy required for mining activities.

Also Read
Coal ministry seeks proposals to enhance coal sector R&D
Coal Ministry Action Plan 2023 -24 Targets 1012 MT Coal Production

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..