PM to Review Coal, Mines Push and Critical Minerals
COAL & MINING

PM to Review Coal, Mines Push and Critical Minerals

Prime Minister Narendra Modi is set to hold quarterly sectoral reviews of the Ministries of Coal and Mines on 2 January and 3 January respectively, government sources said. The reviews are expected to focus on production growth, efficiency improvements and long-term resource security.

For the Ministry of Coal, discussions will centre on increasing coal output, improving efficiency at existing and upcoming mines, and rehabilitating closed mines. India’s coal production is projected to rise by nearly 50 per cent from around 1 billion metric tonnes currently to about 1.5 billion metric tonnes by 2030. Coal demand to meet thermal power requirements is expected to grow by around 17 per cent over the same period.

The review of the Ministry of Mines will focus on prioritising mineral extraction and separation through smelters to enhance domestic availability. Progress under the National Critical Minerals Mission will also be assessed, including developments against long-term targets.

In September, the Union Cabinet approved an incentive scheme worth Rs 15 billion to build recycling capacity for the separation and production of critical minerals from secondary sources. The scheme, which forms part of the National Critical Minerals Mission, is aimed at strengthening domestic supply chains and reducing dependence on imports.

The Ministry of Mines has noted that the critical minerals value chain, spanning exploration, auctions, mine operationalisation and overseas asset acquisition, involves long gestation periods. Recycling from secondary sources is therefore being pursued as a near-term solution to improve supply chain sustainability.

The incentive scheme will run for six years from FY26 to FY31 and will cover eligible feedstock such as e-waste, lithium-ion battery scrap and other materials, including catalytic converters from end-of-life vehicles. One-third of the total outlay has been earmarked for small and new recyclers, including start-ups.

Incentives will apply to new units as well as the expansion, modernisation and diversification of existing facilities. Support will be linked to the actual extraction of critical minerals, rather than being limited to black mass production.

Prime Minister Narendra Modi is set to hold quarterly sectoral reviews of the Ministries of Coal and Mines on 2 January and 3 January respectively, government sources said. The reviews are expected to focus on production growth, efficiency improvements and long-term resource security. For the Ministry of Coal, discussions will centre on increasing coal output, improving efficiency at existing and upcoming mines, and rehabilitating closed mines. India’s coal production is projected to rise by nearly 50 per cent from around 1 billion metric tonnes currently to about 1.5 billion metric tonnes by 2030. Coal demand to meet thermal power requirements is expected to grow by around 17 per cent over the same period. The review of the Ministry of Mines will focus on prioritising mineral extraction and separation through smelters to enhance domestic availability. Progress under the National Critical Minerals Mission will also be assessed, including developments against long-term targets. In September, the Union Cabinet approved an incentive scheme worth Rs 15 billion to build recycling capacity for the separation and production of critical minerals from secondary sources. The scheme, which forms part of the National Critical Minerals Mission, is aimed at strengthening domestic supply chains and reducing dependence on imports. The Ministry of Mines has noted that the critical minerals value chain, spanning exploration, auctions, mine operationalisation and overseas asset acquisition, involves long gestation periods. Recycling from secondary sources is therefore being pursued as a near-term solution to improve supply chain sustainability. The incentive scheme will run for six years from FY26 to FY31 and will cover eligible feedstock such as e-waste, lithium-ion battery scrap and other materials, including catalytic converters from end-of-life vehicles. One-third of the total outlay has been earmarked for small and new recyclers, including start-ups. Incentives will apply to new units as well as the expansion, modernisation and diversification of existing facilities. Support will be linked to the actual extraction of critical minerals, rather than being limited to black mass production.

Next Story
Infrastructure Energy

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..

Next Story
Real Estate

Bombay Realty Secures RERA for Three ICC Tower in South Mumbai

Bombay Realty, the real estate arm of Bombay Dyeing and part of the Wadia Group, has received Real Estate Regulatory Authority (RERA) certification for Three ICC – Wing A, the latest luxury residential tower at Island City Center in Mumbai’s Dadar.The RERA registration marks a key milestone in the development timeline and reinforces the company’s focus on regulatory transparency, timely project delivery, and high construction standards.Following the success of One ICC and Two ICC, the upcoming Three ICC tower represents the next phase of the Island City Center development. The project ai..

Next Story
Infrastructure Energy

Flender launches India’s largest wind gearbox test rig in Walajabad

Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the largest installation of its kind in India. The new facility is expected to strengthen the company’s manufacturing and testing capabilities while supporting the growing demands of the wind power sector in both domestic and global markets.The test rig was inaugurated on March 5 in the presence of Andreas Evertz, Group CEO, Flender; Lars Wiegemann, Vice President Wind Gears, Flender; and Vinod Shetty, CEO, Flender India, along with key industry customers and stakeholders.The insta..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement