Since the launch of commercial coal mines’ auction in June’2020, Vesting/Allocation Orders have been issued for 49 coal mines. The state-wise details is as provided below: S. No. State Number of Vesting/ Allocation Orders Issued 1 Assam 2 2 Chhattisgarh 7 3 Jharkhand 12 4 Madhya Pradesh 13 5 Maharashtra 5 6 Odisha 9 7 […]
Coal Ministry to Sign Agreements for Mines Auctioned During 6th Round of Commercial Auctions – EQ Mag
Launching Seventh Round Auctions on 29th March The Ministry of Coal will be signing the agreements for 28 coal mines auctioned under 6th round and launching the seventh round of auction of mines for sale of coal on March 29, 2023. The Union Minister of Defence, Shri Rajnath Singh, will be the chief guest and […]
Coal to Continue as Major & Affordable Source of Energy – EQ Mag
Through Panchamrit Declaration during COP26, India has set timeline for attaining non-fossil energy capacity of 500 GW by 2030 and also to meet 50% of its energy requirement from renewable energy by 2030. In line with ‘Glasgow Climate Pact’, while India has committed to clean energy; the pace of transition to cleaner energy sources in […]
Different Measures to Further Step Up Coal Production; Above 15% Increase up to February 2023 – EQ Mag
Government has initiated several steps to ramp up domestic coal production in the country in order to achieve self-reliance to meet the demand from all sectors. Some of the major initiatives undertaken include Single Window Clearance, amendment of Mines and Minerals (Development and Regulation) Act, 1957 to allow captive mines to sell up to 50% […]
Varied Pro-people Initiatives of NLCIL Under CSR – EQ Mag
Under Corporate Social Responsibility (CSR), NLCIL is carrying out various CSR activities/ Programmes/ Projects choosing from Schedule VII items of Companies Act 2013, as per its CSR Policy formulated in accordance with the above Act and subsequent guidelines. 2. The details of various CSR activities implemented by NLCIL in the state of Tamil Nadu from […]
Coal Production from Captive/Commercial Mines cross 100 Million Ton – EQ Mag
31% Increase in Captive/Commercial Production Anticipated this Fiscal Two More Mines to Start Production in March As per the latest figures (till 02nd March 2023) of the Ministry of Coal, India’s coal production exclusively from Captive/ Commercial mines has crossed 100 Million Ton (MT) for the first time. Coal production from Captive/Commercial coal blocks was […]
Combined Coal Reserves Comes to 779 Million Ton – EQ Mag
Ministry of Coal had launched the auctions of coal mines for commercial mining under 6th round and second attempt of 5th round on November 03, 2022. Forward auctions for these mines have been started on 27.02.2023 and on the 4th day of the e-auction, two coal mines were put up for auction and both coal […]
Incentives to Promote Coal Gasification – EQ Mag
To incentivize private sector companies for developing coal gasification projects, Ministry of Coal has formulated a policy wherein, a provision has been made for 50% rebate in revenue share for all future commercial coal block auctions for the coal used in gasification purpose provided the coal quantity used for gasification is at least 10% of […]
Opening of Technical Bids for Auction of Coal Mines Under Commercial Mining – EQ Mag
Highest Ever number of bids Received in Commercial Auction of Coal Blocks Six Public Sector Companies Submit Bids Peak Rate Capacity of 22 Fully Explored Coal Blocks comes to 85.62 Million Ton per Annum The auction process of 141 coal/lignite mines for sale of coal was launched by the Nominated Authority, Ministry of Coal on […]
Extension in Bid Due Date for Commercial Auction of Coal Blocks – EQ Mag
The bid due date for 6th round and 2nd attempt of 5th round of commercial coal mine auctions has been extended by two weeks from the earlier bid due date, up to January 13, 2023. In order to provide adequate time to the bidders for due diligence and to promote larger participation, it has been […]