Government contemplates 6 large power plants near coalfields

Coal Ministry targets asset monetisation worth around Rs 550 bn in FY25

The Union Ministry of Coal revealed its aim to monetize assets worth Rs 547.21 billion in the financial year 2025, representing a 9% increase from the target set in FY24, which was Rs 501.18 billion. In response to a query received via email, the coal ministry stated, "The projected target concerning the asset monetization plan for FY 24-25 is Rs 547.21 billion. In FY 2023-24, asset monetization amounted to Rs 551.48 billion until February 2024, surpassing the NITI Aayog target of Rs 501.18 billion."

The primary methods for asset monetisation for the ministry would involve commercial a..

ACC secures Lamatola coking mine in 3rd auction day

It was announced that the Lamatola coking coal block located in Madhya Pradesh had been secured by the cement major ACC during the ongoing ninth round of auction for commercial coal mines. It was stated that ACC had submitted the final bid, offering a premium of 16.75 per cent above the reserve price of 4 per cent.

The Coal Ministry stated that a total of 4 coking coal mines had been auctioned in the ongoing rounds, including the one from today. They mentioned that once these coal mines are operationalised, they would decrease the country's dependency on imported coking coal.

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Coal Ministry promotes CPSE diversification

The Coal Ministry announced that it was actively encouraging extensive diversification within central public sector units, including Coal India, aligning with the country's commitment to a varied energy mix. The ministry, which has administrative control over two large Central Public Sector Enterprises (CPSUs) - Coal India (CIL) and NLC India (NLCIL), expressed its commitment to diversifying the energy mix.

In a statement, the coal ministry stated, "The Ministry of Coal is actively promoting extensive diversification within CPSEs, establishing pit-head TPPs, solar power plants, coal/li..

Jindal Steel & Power's Q4 Profit After Tax Doubles to Rs 9.33 Bn

Jindal Steel & Power Limited (JSPL) has reported a remarkable achievement in its financial performance for the fourth quarter, with its profit after tax (PAT) doubling to Rs 9.33 billion. This significant growth underscores the company's robust operational performance and strategic initiatives, reflecting its resilience and adaptability in the competitive steel and power sectors.

The doubled PAT for the fourth quarter is a testament to JSPL's effective management strategies and operational efficiency. It signifies the successful execution of the company's growth plans and its ability to..

India's Peak Power Demand to Surge

India is bracing for a substantial increase in peak power demand this May, with the Power Ministry forecasting a daytime peak of 235 GW and an evening peak of 225 GW. This surge underscores the country's escalating energy needs amid rising temperatures and economic activities.

The anticipated peak demand is significantly higher than previous records, reflecting the growing consumption patterns driven by urbanisation, industrial activities, and increased usage of air conditioning. The Ministry's projections are based on data from the Central Electricity Authority (CEA), which monitors a..