State-run Coal India to import coal to supply states & private firms
COAL & MINING

State-run Coal India to import coal to supply states & private firms

The federal power ministry announced that the state-run Coal India would import coal for utilities run by state governments and private companies.

India is likely to face a wider coal shortage during the quarter ending September as higher power demand worsens the risk of widespread power outages.

According to media sources, Coal India Ltd (CIL) will open one of the country's largest coal mines.

Vinayak Jamwal, a spokesman for Mahanadi Coalfields (MCL), told the media that the output from the new Siarmal mine in eastern Odisha would gradually expand, reaching a capacity of 50 million tonnes (MT) in five to seven years.

He revealed that the production would begin in the third quarter (Q3) of 2022, at a pace of 2 million to 5 MT per year.

Although India has declared that it plans to construct 450 gigawatts (GW) of renewable energy by 2030, it has not specified how the push for more coal would influence the country's emissions goals.

India presently has a total power generation capacity of 401 GW, with 111.4 GW upcoming from renewable energy.

CIL announced that its board of directors had authorised the sale of a 25% share in BCCL and the company's subsequent listing on stock markets. On March 10th, the board of directors made the decision.

The Coal India Board has recently given preliminary permission to the project. Only after gaining official clearance will further action be done.

Image Source

Also read: CIL to sell 25% stake each in its unlisted arms BCCL and CMPDI

The federal power ministry announced that the state-run Coal India would import coal for utilities run by state governments and private companies. India is likely to face a wider coal shortage during the quarter ending September as higher power demand worsens the risk of widespread power outages. According to media sources, Coal India Ltd (CIL) will open one of the country's largest coal mines. Vinayak Jamwal, a spokesman for Mahanadi Coalfields (MCL), told the media that the output from the new Siarmal mine in eastern Odisha would gradually expand, reaching a capacity of 50 million tonnes (MT) in five to seven years. He revealed that the production would begin in the third quarter (Q3) of 2022, at a pace of 2 million to 5 MT per year. Although India has declared that it plans to construct 450 gigawatts (GW) of renewable energy by 2030, it has not specified how the push for more coal would influence the country's emissions goals. India presently has a total power generation capacity of 401 GW, with 111.4 GW upcoming from renewable energy. CIL announced that its board of directors had authorised the sale of a 25% share in BCCL and the company's subsequent listing on stock markets. On March 10th, the board of directors made the decision. The Coal India Board has recently given preliminary permission to the project. Only after gaining official clearance will further action be done. Image Source Also read: CIL to sell 25% stake each in its unlisted arms BCCL and CMPDI

Next Story
Infrastructure Energy

Saudi Aramco Eyes India’s Refining Sector for Strategic Partnerships

Saudi Aramco has renewed its interest in India’s expanding refining sector, viewing it as a strategic growth opportunity. With Bharat Petroleum Corporation Ltd (BPCL) and Oil and Natural Gas Corporation (ONGC) planning new refineries, fresh investment avenues are opening up for the Middle East’s largest oil exporter. Although the company has not confirmed specific investment plans, it reiterated that India remains a priority market. Saudi Arabia was the third-largest supplier of crude oil to India in 2024, exporting 625,000 barrels per day. According to S&P Global Commodity Insights, In..

Next Story
Infrastructure Transport

Kandla Deendayal Port Handles 150 MT in FY25

The Kandla Deendayal Port Authority (KDPA) has achieved its goal of handling 150 MnT of cargo in the financial year 2024–25, marking a key operational milestone. The update was confirmed by Chairperson Sushil Kumar Singh. The final figure stood at 150.16 MnT , and Singh credited the achievement to the collaborative involvement of stakeholders, including exporters, importers, shipping and customs agents. KDPA collected suggestions from port users and swiftly implemented changes to boost productivity and efficiency, addressing operational bottlenecks within existing constraints. Singh empha..

Next Story
Infrastructure Transport

Square Port Shipyard, Damen Partner to Boost Shipbuilding in India

Square Port Shipyard, a subsidiary of Hazoor Multi Projects Limited (HMPL), has signed an agreement with Damen Technical Cooperation BV to develop its shipyard in Dabhol (Ratnagiri), Maharashtra. The partnership aims to enhance the shipyard’s capabilities to design, build, repair, and maintain ships for both domestic and international clients. Damen Technical Cooperation BV is a part of the Netherlands-based Damen Shipyards Group NV, known globally for its shipbuilding expertise and advanced maritime solutions. Company officials described the tie-up as a significant milestone towards trans..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?