KEI Industries Faces Rs 8 Crore Daily Loss Amid Wage Dispute

21 Jun 2024 CW Team

Coal India Limited (CIL) has taken a significant step by awarding 23 closed and discontinued mines to private sector players. This move marks a strategic shift in India's mining sector, aimed at enhancing operational efficiency and revitalising dormant mining assets.

The decision to involve private sector firms in managing these mines is expected to bring in new technologies, investments, and expertise, thereby boosting coal production and reducing dependency on imports. The allocation process prioritises firms with robust plans for sustainable and efficient mining operations.

The mines, previously underutilised due to various operational challenges, are now poised for revitalization under private management. This initiative is part of India's broader efforts to optimise resource utilisation and foster competitiveness in the coal mining industry.

By engaging private sector participation, Coal India aims to unlock the potential of these mines, ensuring their productive use while adhering to environmental and regulatory standards. The move is also anticipated to generate employment opportunities and stimulate local economies in the regions where the mines are located.

The allocation of these mines underscores India's commitment to enhancing domestic coal production and reducing reliance on imports, aligning with the country's energy security goals. It reflects a strategic approach to revitalising India's mining sector through partnerships with private enterprises, driving economic growth and sustainable development.

Real Estate

07 May 2026

Mindspace REIT Raises Rs 500 Crore Through 10-Year NCD Issue

Mindspace Business Parks REIT has raised Rs 500 crore through a 10-year Non-Convertible Debenture (NCD) issuance, fully subscribed by one of India’s leading life insurance companies.The issuance carries a fixed coupon rate of 7.63 per cent per annum, payable quarterly, and has received AAA/Stable ratings from both CRISIL and ICRA. The proceeds will be utilised, among other purposes, for refinancing existing borrowings.The REIT stated that the long-term fixed-rate structure is aimed at ensuring predictability in debt servicing costs, protection against interest rate volatility, and diversific..

TVS ILP Signs MoU for Siliguri Logistics Park Expansion

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IRCON Celebrates 50 Years of Infrastructure Excellence

IRCON International, a Navratna Central Public Sector Enterprise under the Ministry of Railways, celebrated its 50th Foundation Day at Bharat Mandapam, New Delhi. The Golden Jubilee event marked five decades of contribution to India’s railway and infrastructure development, while reaffirming the company’s commitment to nation-building through engineering excellence. The celebration was attended by senior officials from the Ministry of Railways, IRCON’s leadership, industry stakeholders and employees. The event featured the launch of a commemorative coffee table book on IRCON’s 50-year ..