CIL will set up three specific-purpose vehicles (SPVs) for an about Rs 45,500-crore integrated solar wafer manufacturing facility, a Rs 38,000-crore green-field aluminium project, and an about Rs 23,400-crore aluminium smelting unit with state-run National Aluminium Company Ltd (NALCO). The government has approved state-run Coal India Ltd (CIL)’s Rs 1-lakh-crore diversification plan to set up […]
Board of Coal India approves venturing into aluminium and solar power value chain
At meeting held on 24 December 2020 The Board of Coal India at its meeting held on 24 December 2020 has accorded its ‘In-principle’ approval to venture value into aluminium value chain (Mining-Refining-smelting) and solar power value chain (Ingot-wafer-cell-Module and Generation). It also approved to create SPVs subject to obtaining concurrence from Niti Aayog, DIPAM […]
Public sector enterprises gradually diversifying into green energy
Coal India Ltd (CIL) has announced plans to develop 20 GW of solar capacity over 10 years at an estimated investment of Rs 1 trillion Egged on by government incentives, the state owned enterprises (SOEs) are diversifying into green energy and building renewable energy portfolios. In October this year, the Ministry of New & Renewable […]
CIL strike causes 35% loss in production
Executives did not join the strike called by the workers to oppose liberalisation of coal mining KOLKATA: A one-day strike at Coal India led to around 35% loss in production with only half of the workforce turning up for duty on Tuesday. Executives did not join the strike called by the workers to oppose liberalisation […]
Why India should turn the page on its coal future
India’s support to coal artificially prolongs the life of a sector that is too costly — financially, for health and for the climate India’s coal story is long and complex. It spans across the political, economical and environmental canvases of the country. However, new times call for new thinking. With record capacity additions and investments […]