Coal India will initiate long-term coal supply contracts on Monday to supply 40 million tonnes under the Shakti scheme.
In view of current coal shortage in the power plants, the Union Railways and Coal minister Piyush Goyal on Saturday said the supply of the fossil fuel would improve over the next 15-20 days.
Coal India is urging its power producers to take a steady supply of coal even when their demand dwindles so that they are not faced with critical stock position when supplies are hit or demand for power rises.
India needs to partner with other countries to tap cheaper funds for cleaner coal technologies as the South Asian nation is expected to use the fuel to produce over half of its power in the next two decades, the World Coal Association chief said on Thursday.
To make it easier for thermal power plants facing coal shortage, the State-owned Coal India Ltd has set up a round-the-clock monitoring cell that aims to ensure steady supply of the feedstock, a top official said on Monday.
Coal India Ltd., the world’s biggest producer of the fuel, reported the first increase in monthly production on a year-on-year basis in five months after power plant inventories plunged and the miner’s own stockpiles declined.
State-owned National Mineral Development Corporation (NMDC) is awaiting the Union Cabinet’s approval to acquire a minority stake in a tungsten mine in Vietnam as part of India’s effort to reduce dependence on China for this key raw material used for defence purposes.
The government today said it has sought views of various stakeholders on the proposed bill to amend the Offshore Areas Mineral (Development and Regulation) Act 2002, aimed at introducing transparent and effective mineral auction rules in offshore areas.
Metals and mining conglomerate VedantaBSE 2.01 % Resources has plans to invest around Rs 50,000 crore on business expansion in India in coming years, its Chairman Anil Agarwal said today.
India’s mining giant Adani will start work on its 16.5 billion dollar Carmichael coal project in Australia in October and is expected to ship the first consignment in March 2020, the company has said after the controversy-hit project cleared two major legal hurdles.