Botswana coalproducer Minergy plans to list in London next year to give it access to a pool of capital that it could tap at a later date to fund its expansion, it said on Friday.
Coal Secretary Susheel Kumar on Wednesday said the government is weighing measures to bring auctioned captive coal blocks into operation.
For a country like India, assured and affordable supply of energy is the prime prerequisite for achieving economic growth and the Government of India has been supportive to growth in the power sector.
NTPC, which has been allocated 10 coal blocks for captive mining, has already initiated a process of opening technical bids
Prime Minister Modi’s vision to place India in the league of superpowers inspires millions of Indians to dream big. Former Power Minister Piyush Goyal shouldered the responsibility of ‘powering’ dreams of millions of children, industrialists, farmers, and shopkeepers key stakeholders of economic growth and prosperity.
The Goods and Services Tax (GST) regime in effect from last month has reduced the incidence of tax on coal to 5 per cent, as compared to a cumulative tax of more than 13 per cent on account of various indirect taxes earlier, Parliament was informed on Thursday.
India Ratingsexpects domestic coalconsumption growth in India to remain tepid on account of subdued demand from thermal power plants, with an expectation of power plant capacity utilisation remaining sub-65% in the medium term.
Global coal production fell by 6.2% last year. That’s the largest annual decline on record. Consumption was down, too, for the second year in a row, falling 1.7%.
Three Years of Modi Government, Attaining Freedom from Coal Shortages With Transparent Mineral Auctions
From the era of experiencing major coal shortages, India presently boasts of surplus coal as production of coal increased to 554 million tonnes in 2016-17 from 462 million tonnes in 2013-14.
The supply of coal by state-owned Coal India to power sector increased by 1.3 per cent to 420.2 million tonnes (MT) in 2016-17