Coal sector News

The Ministry, in December 2024 stated that under the Integrated Coal Logistics Plan the government has targeted Coal production of 1.5BT by FY 2030.

A technical committee will meet next week to examine and evaluate the applications for the allotment of seven coal blocks to power generation firms.

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Power producers being supplied coal through the MoU route by state-owned CIL will now have to take it via special e-auction being conducted for the power sector as the government has decided not to extend the pact beyond June 30.

In view of rising production of the dry fuel, India plans to completely stop thermal coal imports in 2-3 years that would result in annual savings of Rs 40,000 crore, Union Minister Piyush Goyal on Friday said.

The policy with regard to auction of coal linkages may take some more time to be finalised, government has informed state-owned coal miner CIL.

The Centre has so far transferred the environment clearance (EC) of 19 coal blocks out of approved 29 mines from the earlier allottees to the new successful bidders including JSW Steel, GMR Chhattisgarh Energy, Jaypee Cement and Ambuja Cements among others.

Government on Wednesday said investments worth USD 250 billion are planned over the next five years in coal, power and renewable energy and it is looking at opening 40-50 new coal mines in 18 months.

Lok Sabha on Wednesday passed the Coal Mines bill to allow e-auction of coal blocks after the Supreme Court cancelled their allocation leading to uncertainty in the coal sector, amid opposition by Left and some other opposition parties.

Finance Minister Arun Jaitely on Tuesday said India has been tardy in energy reforms.

In an urgent need for its image makeover, the scam-tainted coal sector will require mammoth efforts in 2015 from the government and the corporates, after a year full of adversities and stuck projects undermined investments totalling billions of dollars.

Opening up of the coal sector and upgradation of state-run Coal India and its subsidiaries are vital for scaling up domestic production of the dry fuel, says a report submitted to the government on Monday.

Expressing confidence that the Bill to replace coal ordinance will be passed in the ongoing session of Parliament, Union Minister Piyush Goyal on Saturday promised to significantly reduce the woes in the sector in the next 8-9 months.

A Supreme Court ruling this week that India`s decades-old method of granting coal mining concessions is illegal could herald much-needed reforms in a sector long dogged by the inability of state-run Coal India to raise output fast enough.

CIL, which missed its output target of 482 million tonnes by producing 462 million tons of coal in 2013-14, has seven subsidiaries.

The Centre has earlier drawn flak from various quarters for allotting coal blocks to private firms instead of auctioning them.