Private sector eligible to get de-mined coal land
COAL & MINING

Private sector eligible to get de-mined coal land

The Indian government has given approval for the entry of the private sector into another avenue of coal mining in India. The Union Cabinet on Wednesday gave clearance to a policy move to utilise land that has been allocated to coal mines that have executed their lives, for the creation of coal and energy infrastructure.

The key decision had been taken in the cabinet to make the private sector eligible to be allocated the de-coaled land on a lease from the government sector coal companies such as Coal India Limited. Other than the large tracts available for these activities in the first tranche, more than 3200 hectares will be made available additionally.

The government had considered and cleared a proposal to grant the lease by land-owning PSUs along with coal companies to the other CPSUs, state governments, as well as private entities to develop the coal infrastructure and execute coal development activities without change in the land ownership.

Coal India Limited is the largest coal mining company in the country. It has been said that the central and state governments were previously on the eligible list.

Furthermore, under the coal-bearing areas (acquisition and development) act of 1957, an opening has been created for the private sector as well.

The decision is taken after the February 2018 Cabinet's decision to clear the opening for commercial coal mining for the private sector, still considered the most ambitious coal sector reform, since the nationalisation of the coal sector in 1973.

Image Source

The Indian government has given approval for the entry of the private sector into another avenue of coal mining in India. The Union Cabinet on Wednesday gave clearance to a policy move to utilise land that has been allocated to coal mines that have executed their lives, for the creation of coal and energy infrastructure. The key decision had been taken in the cabinet to make the private sector eligible to be allocated the de-coaled land on a lease from the government sector coal companies such as Coal India Limited. Other than the large tracts available for these activities in the first tranche, more than 3200 hectares will be made available additionally. The government had considered and cleared a proposal to grant the lease by land-owning PSUs along with coal companies to the other CPSUs, state governments, as well as private entities to develop the coal infrastructure and execute coal development activities without change in the land ownership. Coal India Limited is the largest coal mining company in the country. It has been said that the central and state governments were previously on the eligible list. Furthermore, under the coal-bearing areas (acquisition and development) act of 1957, an opening has been created for the private sector as well. The decision is taken after the February 2018 Cabinet's decision to clear the opening for commercial coal mining for the private sector, still considered the most ambitious coal sector reform, since the nationalisation of the coal sector in 1973. Image Source

Next Story
Real Estate

Pune Records 11% Drop in Property Registrations in Nov

Property registrations in Pune saw a decline of 11 percent year-on-year in November, totaling 13,371 units, despite robust demand, according to a report by Knight Frank India. The real estate consultancy revealed that the total registrations in November 2024 generated a revenue of Rs 475 crore for the state. This marked a fall from last year's figure of 14,988 units in the same month. Compared to October 2024, when 20,894 units were registered, November’s figures represent a 36 percent decrease. Shishir Baijal, Chairman and Managing Director of Knight Frank India, stated that Pune’s proper..

Next Story
Infrastructure Energy

Oriana Power Signs MoU with Rajasthan in Clean Energy

Oriana Power, a publicly-listed company on the NSE, announced on Monday that it has entered into a Memorandum of Understanding (MoU) with the Rajasthan government to invest Rs 10,000 crore in a series of clean energy projects. The projects will focus on solar energy, floating solar, green hydrogen, and energy storage solutions. The agreement was finalized in Jaipur during the recently concluded Rising Rajasthan Global Summit 2024. Oriana Power has identified six key locations in the state for these projects, including one in Bikaner, two in Churu, and three in Phalodi districts. Rupal Gupta, M..

Next Story
Infrastructure Energy

PM Surya Ghar Scheme Set to Surpass 10 Years of Solar Growth

The PM Surya Ghar Muft Bijli Yojana has achieved a remarkable milestone, surpassing 6.85 lakh solar installations within a year and poised to exceed a decade's worth of solar growth. The scheme, launched in February 2024, has already achieved 86 percent of the solar installations made in the last ten years. The 3-5 kW segment accounted for the majority of installations, at 77 percent, while 14 percent of installations were in the 5kW+ category. Gujarat led the charge with 2,86,545 installations, followed by Maharashtra with 1,26,344, Uttar Pradesh with 53,423, and Kerala. The scheme, which now..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000