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Govt aims to curb high-capacity mining equipment imports, boost domestic production

New Delhi: The government is taking steps to boost domestic manufacturing to slash reliance on imported high-capacity mining equipment, according to the Ministry of Coal. Tasked with encouraging domestic production of heavy earth moving machinery and other underground mining gear, the committee is spearheaded by Coal India Limited’s director. Alongside, CIL is working on standardizing mining equipment to facilitate the …

India Cil Mining Equipment

Coal India Chairman Pramod Agrawal on March 20 said there is a "strong case" for increasing coal prices, and the hike could be effected "very soon" as discussions are underway with stakeholders. Mr. Agrawal also said he is confident the mining behemoth will achieve its production target of 1 billion tonnes by 2025-26. It will happen very soon," Mr. Agrawal …

Coal India Limited has transformed 30 abandoned mining areas into eco-parks and eco-tourism destinations, providing a source of income for locals and boosting the region’s green cover. “Coal India Limited is in the process of converting its abandoned mines into eco-parks which have become popular as eco-tourism destinations. “Thirty such eco-parks are already attracting steady footfalls and plans are afoot …

The Ministry of Coal had invited bids for coal mines for commercial coal mining. Total peak rate capacity of the mines being put up for e-auction is 39.31 million ton per annum," according to a statement by the Ministry of Coal. The Nominated Authority, Ministry of Coal has till now successfully auctioned 43 coal mines with PRC of 85.54 million …

In economic relaxations for the coal mining sector, the coal ministry on Thursday said it has reduced the rate of penal interest on delayed payment of rent, royalty and fee from 24 per cent to 12 per cent. It is expected that these provisions shall afford the much-required economic relaxations in the coal mining sector,” the coal ministry said in …

It has been done with the objectives of facilitating utilization of lands that are mined out or are practically unsuitable for coal mining and for increasing investment and job creation in coal sector New Delhi: The Union Cabinet on Wednesday approved the policy for use of land acquired under the Coal Bearing Areas Act, 1957. The approved policy provides a …

I n recent weeks the media have featured stories bordering on the alarmist about a coal shortage in India. Successive administrations over the last couple of decades have attempted to get the private sector, domestic and foreign, to invest in coal mining by diverting coal blocks to potential investors, even if not always successfully. Privatisation of coal production In 1993, …

Mining

The government on Thursday offered 67 coal mines for sale, launching the second tranche of commercial coal mining auction and termed it a step towards 'Aatmanirbhar Bharat'. "India launched its 2nd tranche of auction for commercial coal mining, offering 67 mines for sale of coal, today. He also said that along with promoting commercial coal mining, the government is also …

CIL approves 32 mining projects involving incremental investment of ₹47K crore

State-owned Coal India Ltd on Monday said its board has approved 32 coal mining projects in the current financial year, indicating an incremental capital of around ₹47,300 crore. "Scripting a record high.CIL has approved 32 coal mining projects in the current fiscal till January 2021," the PSU said. Of the 193 mtpa capacity of 32 projects, CIL's three subsidiaries — …