Cabinet greenlights Rs 29.80 bn for Coal and Lignite Exploration
COAL & MINING

Cabinet greenlights Rs 29.80 bn for Coal and Lignite Exploration

The government announced that the central sector plan called the 'Exploration of Coal and Lignite scheme' has been approved to continue. The estimated expenditure for this scheme is Rs 29.80 billion. According to a statement by the Cabinet Committee on Economic Affairs (CCEA), the extension will be from 2021-22 to 2025-26, which aligns with the 15th Finance Commission cycle.

The approval for the continuation of the Central Sector Scheme of 'Exploration of Coal and Lignite scheme' with an estimated expenditure of Rs 29.80 billion from 2021-22 to 2025-26, co-terminus with the 15th Finance Commission cycle, was given by the CCEA chaired by Prime Minister Narendra Modi.

The scheme consists of two main stages: the Promotional (Regional) Exploration and the Detailed Exploration in non-Coal India blocks. Rs 16.50 billion will be allocated for promotional (Regional) exploration, while Rs 13.30 billion will be allocated for detailed drilling in non-CIL areas.

The Regional exploration will cover an approximate area of 1,300 sq km, while the detailed exploration will cover about 650 sq km, added the statement.

The purpose of exploring Coal and Lignite is to determine and estimate the available coal resources in the country. This information is crucial for preparing detailed project reports for coal mining initiatives.

The geological reports generated through these exploration activities are used for auctioning new coal blocks. The cost incurred during the process is subsequently recovered from the successful allocatee.

Also read:
Rs 2.57 billion order secured by GOCL Corporation from Coal India
ICRA forecasts a growth of 5-5.5% in the total power demand for FY24


The government announced that the central sector plan called the 'Exploration of Coal and Lignite scheme' has been approved to continue. The estimated expenditure for this scheme is Rs 29.80 billion. According to a statement by the Cabinet Committee on Economic Affairs (CCEA), the extension will be from 2021-22 to 2025-26, which aligns with the 15th Finance Commission cycle. The approval for the continuation of the Central Sector Scheme of 'Exploration of Coal and Lignite scheme' with an estimated expenditure of Rs 29.80 billion from 2021-22 to 2025-26, co-terminus with the 15th Finance Commission cycle, was given by the CCEA chaired by Prime Minister Narendra Modi. The scheme consists of two main stages: the Promotional (Regional) Exploration and the Detailed Exploration in non-Coal India blocks. Rs 16.50 billion will be allocated for promotional (Regional) exploration, while Rs 13.30 billion will be allocated for detailed drilling in non-CIL areas. The Regional exploration will cover an approximate area of 1,300 sq km, while the detailed exploration will cover about 650 sq km, added the statement. The purpose of exploring Coal and Lignite is to determine and estimate the available coal resources in the country. This information is crucial for preparing detailed project reports for coal mining initiatives. The geological reports generated through these exploration activities are used for auctioning new coal blocks. The cost incurred during the process is subsequently recovered from the successful allocatee. Also read: Rs 2.57 billion order secured by GOCL Corporation from Coal IndiaICRA forecasts a growth of 5-5.5% in the total power demand for FY24

Next Story
Real Estate

Varun Malik Joins ANAROCK as MD, Head of Capital Markets, APAC

ANAROCK Capital has appointed Varun Malik as Managing Director, Head of Capital Markets (APAC), marking a strategic move to expand its presence across Asia-Pacific. Based in Singapore, Malik will drive ANAROCK’s capital markets initiatives in the region.A real estate finance veteran, Malik brings over 18 years of experience in structuring complex cross-border transactions across South-East Asia and Australia. He has led debt and equity deals for REITs, fund managers, and developers, delivering strong returns and driving investor value.“We will redefine real estate capital solutions across ..

Next Story
Real Estate

Patra Chawl lottery held, 663 families allotted homes

Mumbai's Siddharth Nagar (Patra Chawl) Co-operative Housing Society members in Goregaon (West) saw their 15-year wait come to a close as MHADA conducted a successful computerised lottery for 663 eligible members under its redevelopment scheme.The Mumbai Housing and Area Development Board conducted the draw using the RAT (Randomised Allotment of Tenement) system at Sardar Vallabhbhai Patel Hall. The lottery, overseen by Mr. Milind Borikar, Chief Officer of Mumbai Board, ensured transparency by digitally allotting each member a building, wing, and floor.The project, located on Plot R-9, received..

Next Story
Infrastructure Transport

BLR Airport crosses 41 million passengers, 500,000 MT cargo

Kempegowda International Airport, Bengaluru (BLR Airport), has recorded key operational milestones in FY 2024-25, crossing 41.88 million passengers and handling 502,480 metric tonnes of cargo. This marks a year-on-year passenger growth of 11.6 per cent and a 14 per cent rise in cargo volumes.Domestic footfall reached 36.05 million, up 10 per cent, while international traffic saw a robust 25 per cent jump to 5.83 million, aided by Indigo’s global expansion and added frequencies by international carriers. BLR Airport now connects to 76 domestic and 33 international destinations, with Hanoi set..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?