CIL should prioritise augmenting coal production
COAL & MINING

CIL should prioritise augmenting coal production

State-owned CIL's priorities should be to ramp up production of coal and scale up supplies to reduce imports, Union Minister G Kishan Reddy has said. Coal India Ltd (CIL) accounts for over 80 per cent of domestic coal output. Speaking at CIL's 50th Foundation Day on Sunday, the minister stressed upon the importance of miners' welfare and the rehabilitation of communities affected by mine closures. "Contractual workers play a significant role in Coal India's output, and I applaud the management's decision to implement Performance Linked Incentives for them, effective FY 2023-24," he was quoted as saying in a coal ministry statement. The launch of commercial coal mining has led to transparency, ease of doing business and investment opportunities, helping open the coal sector. Exuding confidence in CIL, he stated that the company has the competency and commitment to compete in the current open market scenario. While coal will remain a central component of the country's energy landscape for the coming decades, India is also heavily investing in renewable energy and addressing climate change, the coal minister explained. He commended CIL's diversification efforts, including setting up of a thermal power plant and foraying into critical mineral acquisition. "In the Viksit Bharat initiative, Coal India has a vital role to play and it needs to shoulder this responsibility," he emphasised. Coal Secretary Vikram Dev Dutt highlighted that CIL provides coal to Indian consumers at competitive rates compared to imported coal. He added that coal stocks at power plants reached 31.6 MT as on October 28, 2024, as compared to 18.8 MT a year ago. This growth of 68 per cent is largely attributed to the contribution of CIL. Coal India, he said, should recalibrate its processes, operational and cost efficiency in accordance to the changing business dynamics.

State-owned CIL's priorities should be to ramp up production of coal and scale up supplies to reduce imports, Union Minister G Kishan Reddy has said. Coal India Ltd (CIL) accounts for over 80 per cent of domestic coal output. Speaking at CIL's 50th Foundation Day on Sunday, the minister stressed upon the importance of miners' welfare and the rehabilitation of communities affected by mine closures. Contractual workers play a significant role in Coal India's output, and I applaud the management's decision to implement Performance Linked Incentives for them, effective FY 2023-24, he was quoted as saying in a coal ministry statement. The launch of commercial coal mining has led to transparency, ease of doing business and investment opportunities, helping open the coal sector. Exuding confidence in CIL, he stated that the company has the competency and commitment to compete in the current open market scenario. While coal will remain a central component of the country's energy landscape for the coming decades, India is also heavily investing in renewable energy and addressing climate change, the coal minister explained. He commended CIL's diversification efforts, including setting up of a thermal power plant and foraying into critical mineral acquisition. In the Viksit Bharat initiative, Coal India has a vital role to play and it needs to shoulder this responsibility, he emphasised. Coal Secretary Vikram Dev Dutt highlighted that CIL provides coal to Indian consumers at competitive rates compared to imported coal. He added that coal stocks at power plants reached 31.6 MT as on October 28, 2024, as compared to 18.8 MT a year ago. This growth of 68 per cent is largely attributed to the contribution of CIL. Coal India, he said, should recalibrate its processes, operational and cost efficiency in accordance to the changing business dynamics.

Next Story
Infrastructure Transport

Mumbai-Pune Expressway 'Missing Link' Nears Completion

The long-awaited "Missing Link" on the Mumbai-Pune Expressway is now 92% complete and is expected to open by August 2025. The 13.3-km stretch, developed by the Maharashtra State Road Development Corporation (MSRDC), will significantly improve connectivity between Khopoli and Kusgaon. This eight-lane access-controlled expressway bypasses the steep 19-km Khandala Ghat section, reducing the route by 5.7 km and cutting travel time by 20-30 minutes. The new alignment is designed to ease monsoon-induced congestion and minimize landslide risks. The project features two tunnels—1.75 km and 8.92 km..

Next Story
Infrastructure Transport

Gurugram Metro to Upgrade 335.52 km of Roads

In a significant move to enhance access to the upcoming Gurugram Metro, the Gurugram Metro Rail Ltd. (GMRL) has identified a total of 335.52 km of roads, lanes, and adjoining areas in need of improvement. This initiative, which is part of the metro project's broader goals, focuses on improving walkability and promoting non-motorised transport (NMT) around metro stations, benefiting daily commuters and residents. The infrastructure upgrades will include improvements to the carriageway, the development of green zones and swales, pedestrian paths, cycle paths, service roads, and the installation ..

Next Story
Infrastructure Transport

URC Constructions Wins Bid for Veerannapalya Metro Station

Bangalore Metro Rail Corporation Ltd. (BMRCL) has awarded the remaining construction contract for the Veerannapalya Station of the Blue Line to URC Constructions Pvt. Ltd. after the firm emerged as the lowest bidder. The bid, valued at Rs. 357.4 million, is for the completion of the elevated station under Phase 2B of the Bangalore Metro project. This project is part of the under-construction Blue Line of Bangalore Metro's Phase 2A (ORR Line) and Phase 2B (Airport Line), which will connect Silkboard, KR Puram, and Bengaluru International Airport through 30 stations. Initially, the constructio..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?