Singareni likely to set new record in coal mining this year

09 Mar 2023 CW Team

Notwithstanding the fact that it would fall short of its target of producing 70 million tonnes of coal for the current fiscal year, 2022–2023, The Singareni Collieries Company Limited (SCCL) has set itself an ambitious goal of mining 75 million tonnes of coal for 2023–2024.

The corporation is primarily pinning its hopes on the extraction of fossil fuel from five new mines, from which it aims to add 13.4 million tonnes of coal production while taking into account the likelihood that production in some current underground mines would continue to decline.

The management is determined, according to business representatives, to start producing coal in five additional mines during the upcoming fiscal year. Although coal extraction from a few of them was initially intended to begin during the fourth quarter of 2022–2023, it did not happen for a number of reasons, including a delay in obtaining some clearances.

The company anticipates increasing production by 6 million tonnes from its Naini coal block in Odisha, 3 million tonnes each from KV opencast in Kothagudem area and Ramagundam opencast, 1 million tonnes from JK opencast in Yellandu area, and 0.4 million tonnes from Goleti opencast in Bellampally area, as well as 0.4 million tonnes from Goleti opencast in Bellampally area. Several of these mines already have all necessary clearances in place, and the relevant authorities have been told to expedite the process of obtaining the remaining clearances as soon as possible.

Moreover, the business intends to start mining coal at the MVK opencast and Tadicherla-2 mines in 2024–2025.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..