Union Minister says India needs to ramp up coal production
COAL & MINING

Union Minister says India needs to ramp up coal production

India needs to increase its domestic coal production to meet the demand for fuel and reduce import dependency. Union Coal and Mines Minister, Pralhad Joshi, has estimated the need for coal to double by 2040 with the rise in electric vehicles and the electricity demand. 

The target of the coal ministry is to minimise thermal coal imports and make the country 'Aatmanirbhar'. Extractable reserves in closed or abandoned coal mines are around 380 million tonne of which 30-40 million tonne can be easily extracted, according to his insights, adding that continuation of mining activities will help in increasing coal supply while also creating employment opportunities for the locals. 

CIL is planning to offer its 20 closed or abandoned underground coal mines to the private sector to reopen and bring into production on the revenue-sharing model. 

India needs to increase its domestic coal production to meet the demand for fuel and reduce import dependency. Union Coal and Mines Minister, Pralhad Joshi, has estimated the need for coal to double by 2040 with the rise in electric vehicles and the electricity demand. The target of the coal ministry is to minimise thermal coal imports and make the country 'Aatmanirbhar'. Extractable reserves in closed or abandoned coal mines are around 380 million tonne of which 30-40 million tonne can be easily extracted, according to his insights, adding that continuation of mining activities will help in increasing coal supply while also creating employment opportunities for the locals. CIL is planning to offer its 20 closed or abandoned underground coal mines to the private sector to reopen and bring into production on the revenue-sharing model. 

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code