Govt asks Coal India to expand into electric vehicle business

05 Oct 2021 CW Team

The Ministry of Coal has asked Coal India Limited to expand into the electric vehicle and charging stations business.

The ministry, in a document titled Ministry of Coal's agenda for 2021-22, said that Coal India must expand its business and must explore prospects in sunrise industries, electric charging pods, electric vehicles.

Coal India is the world's largest coal mining firm by production and estimates for more than 80% of India's fuel output.

India is the second-largest importer, consumer and generator of coal and has the world's fourth-largest reserves. It essentially imports from Australia, Indonesia and South Africa.

The federal government-controlled miner has already declared plans to fund power generation, solar wafer manufacturing, coal gasification, extraction of coal bed methane and installing aluminium smelters.

India has also urged the miner to consider engaging in foreign bids seeking coal after fulfilling domestic demand.

Traders and coal consumers of the neighbouring nations can also take part in the spot e-auction windows of Coal India.

The ministry also said that a robust media campaign was required for perception management in the coal sector, adding that proposals presented by Coal India and its units were being finalised.

Indian utilities are struggling to acquire coal supplies since inventories hit critical lows after power demand surge from industries and sluggish imports due to record global costs push power plants to the brink.

Image Source

Also read: EV Jagat launched in India to boom in country’s EV sector

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..