News Update

  • India's coal sector employs over 369,000 production nears 1 billion tonne mark

    The ministry of coal said that the employment in India's coal sector has reached 369,053, including 128,236 contractual workers as the country aims to surpass a coal production target of 1 billion tonne in the current financial year. Coal PSUs achieve over 106% of capital expenditure target for 2023-24

  • Coal PSUs achieve over 106% of capital expenditure target for 2023-24

    State-owned companies operating in the coal sector have made capital expenditure spending worth Rs 22,448 crore as of February of 2023-24, overshooting the target of Rs 21,030 crore. Coal PSUs under the administrative control of the Ministry have been at the forefront of capital expenditure to assist and contribute to transforming the Indian economy.

  • Assam, Gujarat, AP emerge as strong players in coal mine auctions

    Coal mining auctions seem to be seeing States competing with each other to get a mine. Up to seventh round of auctions, Assam, Gujarat and Andhra Pradesh seem to have been aggressive bidders. In fact, Assam has got three mines under its belt.

  • Imported coal for blending in power sector drops 28% in FY24

    Despite the surge in India's power demand, the import of coal for blending in the thermal power sector decreased by 27.9 percent in FY24 so far, Amrit Lal Meena, secretary, Ministry of Coal said on March 13. "The share of imported coal in blending has reduced from 30.80 million tonnes (MT) last year (April, 2022 to March 12, 2023) to 22.20 MT this year. So, the reduction has been more than 27 percent," said Meena.

  • Union Minister Pralhad Joshi Releases ‘PM Gati Shakti- National Master Plan in Coal Sector’

    Union Minister of Coal, Mines and Parliamentary affairs Shri Pralhad Joshi released “PM Gati Shati-National Master Plan in coal sector”. PM Gati Shati-National Master Plan aimed at offering in-depth insights into the coal sector through the geospatial layers available on the Ministry of Coal page of the PMGS-NMP portal.

  • Coal India signs agreement with Australian firms to mine critical minerals

    In a strategic move aimed to diversify into critical mineral mining and global resource acquisition, Coal India (CIL) has entered into two non-disclosure agreements (NDAs) with companies in New South Wales, Australia. The ministry informed that the state-owned largest coal mining company is also actively seeking to mine critical minerals in Argentina.

  • Coal gasification is reliable, will strengthen India's energy security

    India is the third largest consumer of energy in the world and heavily dependent on its import. The country imports nearly 80 per cent of its requirements of crude oil and 50 per cent of natural gas. In 2022-23, it imported nearly 10 per cent of its coal consumption. There has been rapid progress in installing renewable power capacity in recent years, reaching approximately 180 gigawatt and with the target of 500 GW by 2030.

  • By 2030, coal companies to up renewable energy capacity to over 9 GW

    The coal sector is set to ramp up renewable energy capacity to over 9 GW by 2030, from the current 1.7 GW, the coal ministry said on Tuesday. The ministry is actively promoting the deployment of both rooftop solar and ground-mounted solar projects across mining facilities. Currently, a combined solar capacity of 1.7 GW has been installed by coal companies, including Coal India, NLC India, and Singareni Collieries Company Ltd.

  • Centre announces new scheme to subsidise electric two and three wheelers

    The centre on Wednesday announced a new scheme to promote sale of electric two and three wheelers in the country. According to Heavy Industries Minister Mahendra Nath Pandey, Rs 500 crore is being allocated for the Electric Mobility Promotion Scheme (EMPS), 2024. This scheme is valid for four months from April 1 onwards.

News Update