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

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..