Coal Ministry targets asset monetisation worth around Rs 550 bn in FY25
COAL & MINING

Coal Ministry targets asset monetisation worth around Rs 550 bn in FY25

The Union Ministry of Coal revealed its aim to monetize assets worth Rs 547.21 billion in the financial year 2025, representing a 9% increase from the target set in FY24, which was Rs 501.18 billion. In response to a query received via email, the coal ministry stated, "The projected target concerning the asset monetization plan for FY 24-25 is Rs 547.21 billion. In FY 2023-24, asset monetization amounted to Rs 551.48 billion until February 2024, surpassing the NITI Aayog target of Rs 501.18 billion."

The primary methods for asset monetisation for the ministry would involve commercial auctions of mines and the development of mines through the 'mining developers and operators' (MDO) model. The ministry engages third-party MDOs, including private entities, in coal mines through global tenders. The individual stated, "The target for FY25 is expected to surpass that of FY24. It is likely to be comfortably achieved, similar to the current fiscal year (FY24). Auctions and MDOs, where mines of public sector companies are allocated to an MDO for development, will be the main avenues for monetisation."

In 2020, the government initiated the commercial mining of coal by private entities and has thus far auctioned 91 mines. However, the interest among private firms in acquiring mines has gradually waned over the years, with many companies having already met their captive requirements. Efforts have been made by the government to render coal mining and the auction process more appealing.

The Union Ministry of Coal revealed its aim to monetize assets worth Rs 547.21 billion in the financial year 2025, representing a 9% increase from the target set in FY24, which was Rs 501.18 billion. In response to a query received via email, the coal ministry stated, The projected target concerning the asset monetization plan for FY 24-25 is Rs 547.21 billion. In FY 2023-24, asset monetization amounted to Rs 551.48 billion until February 2024, surpassing the NITI Aayog target of Rs 501.18 billion. The primary methods for asset monetisation for the ministry would involve commercial auctions of mines and the development of mines through the 'mining developers and operators' (MDO) model. The ministry engages third-party MDOs, including private entities, in coal mines through global tenders. The individual stated, The target for FY25 is expected to surpass that of FY24. It is likely to be comfortably achieved, similar to the current fiscal year (FY24). Auctions and MDOs, where mines of public sector companies are allocated to an MDO for development, will be the main avenues for monetisation. In 2020, the government initiated the commercial mining of coal by private entities and has thus far auctioned 91 mines. However, the interest among private firms in acquiring mines has gradually waned over the years, with many companies having already met their captive requirements. Efforts have been made by the government to render coal mining and the auction process more appealing.

Next Story
Infrastructure Energy

NTPC Signs $11.5 Billion Clean Energy Deals in Chhattisgarh

Juniper Green Energy has successfully commissioned a 100-MW solar power project aimed at supplying electricity to Bhutan, marking a significant milestone in regional energy integration. According to the company's statement, the project facilitates a crucial cross-border agreement allowing Bhutan to receive 50% of the power generated during the winter months. This arrangement permits Bhutan to directly import power from an Indian generator under an established bilateral trade framework. Located in Rajasthan, the solar project contributes a total generation capacity of 100 MW. Highlighting the..

Next Story
Infrastructure Energy

Juniper Green Commissions 100-MW Solar Project for Bhutan

The New Delhi Municipal Council (NDMC) held its first council meeting since the Delhi Assembly polls focusing on a comprehensive Summer Action Plan aimed at achieving 100% solar energy adoption by 2026. The meeting, led by MP Bansuri Swaraj, began with the swearing-in of three new NDMC members — Delhi Minister and New Delhi MLA Parvesh Sahib Singh, Delhi Cantt. MLA Virender Singh Kadian, and Ravi Kumar Arora, Additional Secretary of the Ministry of Housing and Urban Affairs. Solar Energy Push NDMC Vice Chairman Kuljeet Singh Chahal announced the civic body's ambitious solar energy plans, ..

Next Story
Infrastructure Energy

NDMC Pushes for 100% Solar Energy by 2026

Mumbai-based energy storage startup AmpereHour Energy has raised $5 million from Avaana Capital, with participation from UC Impower and other angel investors. Founded in 2017 by IIT Bombay alumni, AmpereHour Energy focuses on building AI/ML-enabled Energy Storage Systems ranging from kW/kWh scale systems for Mini-grids to MW/MWh scale systems compatible with solar PV and wind plants. The systems are designed to be plug-and-play, integrated with the company’s proprietary Energy Management platform, Elina. The fresh capital will be directed towards expanding manufacturing and software capabi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?