India, the third largest coal producer in the world, imported 190 million tonnes of the fuel worth over Rs one lakh crore in 2016-17 fiscal, Parliament was informed today.
India plans to increase its import of coking coal from Canada in a bid to diversify its import basket, the steel ministry said in a statement on Wednesday.
Import of coking coal from Canada is likely to rise in future keeping pace with the increase in steelmaking capacity in India, the Steel Ministry said in a statement today.
India’s draft National Electricity Plan released by the Central Electricity Authority (CEA) late last year got worldwide news coverage.
The government has decided to defer stake sale in Coal India this year after the share price fell sharply, close to a 52-week low, making it impossible to fetch the sum it hoped for, company officials said.
The coal ministry has deferred indefinitely the fifth round of captive coal block auctions citing lack of demand from steel makers, despite a request from the steel ministry to continue the bidding for interested firms.
Railway Minister Suresh Prabhu today reached out to private players for the creation of new design wagons to cater to market demands.
Union Minister Piyush Goyal on Tuesday advocated introduction of PPP (public private partnership) model to give a boost to the country’s mineral exploration sector.
The World Bank has said that India is emerging as a front runner in the global fight against climate change. It further observed that the solar power is gradually displacing coal as an energy source in the country.
A Coal India subsidiary has stopped supplies to independent power producers, acting on the government’s direction to divert stocks to generation companies catering to an unforeseen rise in electricity demand.