Govt asks Coal India to expand into electric vehicle business
POWER & RENEWABLE ENERGY

Govt asks Coal India to expand into electric vehicle business

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

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

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