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GAIL revises its net zero carbon target to 2035 from 2040
OIL & GAS

GAIL revises its net zero carbon target to 2035 from 2040

M Nagaraju, Additional Secretary of the Ministry of Coal, announced that India's coal sector is poised to increase its production to around 1.1 billion tonnes next year, showing a compound annual growth rate of 11 % over the preceding two years. He made these remarks at the FICCI workshop titled 'Coal Matrix for Indian Metals Industry', where he detailed the government's comprehensive strategy for the coal sector, emphasizing efforts to diminish reliance on imports and enhance domestic capabilities.

Nagaraju disclosed that the government has launched the coking coal mission with a strategic goal of achieving 140 million tons by 2030. As part of this initiative, he revealed plans to establish eight coking coal washeries to meet the rising demand from the steel industry. He projected, "By 2029-30, we should have the capacity to produce as much coal as the country demands and be in a position to supply coal to other countries."

Additionally, the Ministry of Coal is finalizing a policy to facilitate the washery route for coking coal, aimed at providing washed coking coal to the steel industry to blend with imported coal. This step is designed to enhance the quality of domestic coal and decrease the steel sector's dependence on foreign coal.

The government is also promoting coal gasification, earmarking Rs 8,500 crore to support the establishment of coal gasification plants by both private and public sectors, noted Nagaraju, highlighting the potential for industry diversification.

Avinash Kumar Mishra, Executive Director (Coal) at the Railway Board, emphasized logistical support initiatives for the coal sector, mentioning plans for specialized wagons dedicated to transporting coal, especially for the burgeoning coal gasification market. Mishra also acknowledged a significant improvement in coal availability over the past two years, attributed partly to increased imports which are expected to diminish as domestic production rises.

M Nagaraju, Additional Secretary of the Ministry of Coal, announced that India's coal sector is poised to increase its production to around 1.1 billion tonnes next year, showing a compound annual growth rate of 11 % over the preceding two years. He made these remarks at the FICCI workshop titled 'Coal Matrix for Indian Metals Industry', where he detailed the government's comprehensive strategy for the coal sector, emphasizing efforts to diminish reliance on imports and enhance domestic capabilities. Nagaraju disclosed that the government has launched the coking coal mission with a strategic goal of achieving 140 million tons by 2030. As part of this initiative, he revealed plans to establish eight coking coal washeries to meet the rising demand from the steel industry. He projected, By 2029-30, we should have the capacity to produce as much coal as the country demands and be in a position to supply coal to other countries. Additionally, the Ministry of Coal is finalizing a policy to facilitate the washery route for coking coal, aimed at providing washed coking coal to the steel industry to blend with imported coal. This step is designed to enhance the quality of domestic coal and decrease the steel sector's dependence on foreign coal. The government is also promoting coal gasification, earmarking Rs 8,500 crore to support the establishment of coal gasification plants by both private and public sectors, noted Nagaraju, highlighting the potential for industry diversification. Avinash Kumar Mishra, Executive Director (Coal) at the Railway Board, emphasized logistical support initiatives for the coal sector, mentioning plans for specialized wagons dedicated to transporting coal, especially for the burgeoning coal gasification market. Mishra also acknowledged a significant improvement in coal availability over the past two years, attributed partly to increased imports which are expected to diminish as domestic production rises.

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Resources

Hindustan Zinc Beats Estimates with Record Output, Low Costs

Hindustan Zinc (BSE: 500188; NSE: HINDZINC) posted a net profit of Rs 2,234 crore for Q1 FY26, beating consensus estimates. The company achieved its highest-ever first quarter mined metal output at 265 kt and delivered a record performance from Hindustan Zinc Alloys, with value-added products contributing around 24 per cent of total output. The zinc cost of production hit a first-quarter low of US$1,010/MT, down 9 per cent YoY, supporting a strong EBITDA margin of around 50 per cent. The silver segment contributed about 41 per cent to overall profitability, benefiting from all-time high p..

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Hilti India Among 2025’s Best Workplaces in Large Company Category

Hilti India has been recognised as one of India’s Best Companies to Work For in 2025 under the Large Organisations category by Great Place to Work® (GPTW). This marks the company’s successful transition from a mid-sized to a large enterprise, while maintaining its people-first culture. This is Hilti India’s eighth consecutive GPTW® certification, reflecting its focus on trust, inclusion, and high-performance work culture. The company is known for its structured employee development, diversity and inclusion practices, and emphasis on internal talent growth—nearly 80 per cent of l..

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Real Estate

Ashiana Housing Launches Phase 6 of Tarang in Bhiwadi

Ashiana Housing has launched Phase 6 of its flagship residential project, Ashiana Tarang, in Sector 24, UIT Bhiwadi. Spread across 2.71 acre, the new phase will feature 192 premium apartments, with possession targeted for May 2028.Phase 6 forms part of a Rs 2.4 billion development across 12.85 acre, with a Rs 587.8 Million investment allocated for this phase. The project is fully owned by Ashiana Housing, with no joint ventures, and follows a customer-led funding model through buyer advances.The company has already sold 117 units across earlier phases in FY 2025-26, generating Rs 682.3 mi..

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