Numerous incentives likely to be available for underground coal mining

03 May 2023 CW Team

The government is contemplating a number of options, including exempting fuel produced from underground mines from the notified price regime, in an effort to boost environmentally friendly underground coal mining, which still produces less than 5% of the nation's total coal output.

With land provided on a long-term lease and financial incentives, private operators are also encouraged to reopen Coal India's abandoned coal mines under the condition that they use underground mining technologies.

To give investors a larger return, the whole underground coal production will be placed up for auction.

CIL has placed a few of its abandoned coal mines on a revenue-share scheme. As the land is there and the mine is partially developed, the developer does not have to incur initial capex on them. With significant capital and time savings, the miners may begin production.

The government wants to lower the amount of opencast mining, which is currently over 90%, as these need a lot of land and the clearing of forests and have a greater environmental impact due to the better quality of coal they produce.

Also read:
NLCIL mines get five-star rating of Coal Ministry
Rs 129.41 bn revenue earned by Chhattisgarh in minerals in 2022-23

Real Estate

26 Jun 2026

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..

Platinum Corp Launches Bespoke Presidential Suites

Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential project on Main Avenue in Santacruz, Mumbai. The project has been positioned as a boutique, design-led development for high-net-worth individuals, business owners and legacy residents from the Bandra-Khar-Santacruz belt.The project has been developed in collaboration with celebrity interior designer Sussanne Khan and follows a design-first approach inspired by Art Deco architecture. It incorporates refined detailing, spacious layouts, premium material palettes and arrival experiences planned to creat..