Three coal mines assigned to NLC, GMDC, TANGEDCO; 40,000 jobs expected

10 Sep 2024 CW Team

The Ministry of Coal has allocated three coal mines—Machhakata (Revised), Kudanali Lubri, and Sakhigopal-B Kakurhi—to NLC India Limited, Gujarat Mineral Development Corporation (GMDC), and TANGEDCO, respectively. These mines have a combined Peak Rated Capacity (PRC) of around 30 million tonnes per annum (MTPA), with geological reserves totaling 2,194.10 million tonnes.

The mines, including one fully explored and two partially explored, are projected to generate an annual revenue of Rs 29.91 billion based on their PRC. The development will require an estimated investment of Rs 45 billion and is expected to create around 40,560 direct and indirect jobs.

With these allocations, the Ministry of Coal has now issued orders for 95 coal mines across India, with a total PRC of about 202.50 MTPA. These mines are projected to generate Rs 295.16 billion annually and provide employment to approximately 2,73,773 people.

This move is part of the government's strategy to boost domestic coal production, reduce reliance on imports, and enhance energy security while contributing to economic growth.

(ET)

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..