OCPL to Sell 3 Million Tons of Surplus Coal

26 Sep 2024 CW Team

Odisha Coal and Power Ltd (OCPL), a state-run entity, plans to sell 3 million tons of surplus coal from its eastern India mine at a 15% discount through online auctions on Oct. 4, according to an auction notice in the Times of India. The discounted sale reflects decreased demand for coal in the country, despite a 7.12% increase in India's domestic coal production, reaching 370 million metric tons between April 1 and Aug. 25.

According to Riya Vyas, a senior analyst at iEnergy Natural Resources Ltd., the auction signals high supply and limited demand, as electricity production from coal-fired plants remains low post-monsoon.

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

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Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

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