Two Coal Mines Awarded in Latest Coal Ministry Auction

10 Apr 2025 CW Team

After 11 rounds of coal mining auctions, two enterprises—Singhal Business Pvt Ltd. and PRA Nuravi Coal Mining Pvt Ltd.— have emerged as the successful bidders of two coal mines and are now partnering with the Ministry of Coal on several Coal Mine Development and Production Agreements (CMDPAs). Singhal Business has secured the Marwatola-II coal mine, while Nuravi has successfully bid for the Namchik West coal mine.

These agreements are part of a significant step towards enhancing India’s energy security, economic growth, and coal production. To begin operations on these mines, a capital investment of approximately Rs 550 million will be required. Both coal mines are expected to generate an estimated annual revenue of Rs 1.0614 billion, based on a total Peak Rated Capacity (PRC) of ~0.34 million tonnes per annum (MTPA). Additionally, the mines are expected to create around 460 direct and indirect job opportunities, contributing to the socio-economic development of their respective regions.

With these additions, a total of 120 coal mines have been auctioned by the Ministry of Coal. The total investment required for these mines is Rs 400 billion, and the projected PRC from these mines is 265.64 MTPA, the estimated annual revenue is Rs 373 billion. Moreover, they will provide employment for nearly 360,000 individuals in the country.

The Coal Ministry has stressed the need for energy independence and reaffirmed its commitment to investor friendly auction practices.

Products

07 Jul 2026

EUROBOND Expands NABL Accreditation to 51 Testing Parameters

EUROBOND, the flagship brand of Euro Panel Products, has expanded the National Accreditation Board for Testing and Calibration Laboratories (NABL) accreditation of its in-house laboratory from 16 to 51 mechanical and chemical testing parameters, making it the only Indian aluminium composite panel (ACP) manufacturer with accreditation covering such an extensive testing scope.The expanded accreditation enables the company to independently test coils, coatings, cores, aluminium composite panels (ACP) and metal composite panels (MCP) in accordance with international standards, including IS, ASTM, ..

Dubai Property Sales Rise as Rental Activity Hits Record High

Dubai's real estate market recorded its highest-ever monthly rental activity in June, while property sales rose sharply in both value and volume, reflecting sustained demand across the emirate's residential and commercial sectors.According to a market analysis by fäm Properties based on DXBinteract data, 40,022 rental contracts were registered during the month, the highest monthly total on record. New rental contracts increased 48.6 per cent year on year to 19,245, while renewals rose 28.5 per cent to 20,777.Property sales reached 13,933 transactions worth AED33.2 billion in June, representin..

Isprava Partners Courtside to Launch Luxury Padel Experience

Luxury home developer Isprava has partnered with Courtside, Mumbai's first padel social club, to launch The Isprava Court, integrating its design-led lifestyle proposition with one of the city's emerging sporting destinations.Located on the rooftop of Atria Mall in Worli, Courtside spans 20,000 sq ft and combines padel, wellness, hospitality and community experiences. Since opening in February 2026, the venue has positioned itself as a social hub for sports and lifestyle enthusiasts.The Isprava Court features curated brand elements, including bespoke court branding, branded nets, towels and ac..