GAIL revises its net zero carbon target to 2035 from 2040
OIL & GAS

GAIL revises its net zero carbon target to 2035 from 2040

M Nagaraju, Additional Secretary of the Ministry of Coal, announced that India's coal sector is poised to increase its production to around 1.1 billion tonnes next year, showing a compound annual growth rate of 11 % over the preceding two years. He made these remarks at the FICCI workshop titled 'Coal Matrix for Indian Metals Industry', where he detailed the government's comprehensive strategy for the coal sector, emphasizing efforts to diminish reliance on imports and enhance domestic capabilities.

Nagaraju disclosed that the government has launched the coking coal mission with a strategic goal of achieving 140 million tons by 2030. As part of this initiative, he revealed plans to establish eight coking coal washeries to meet the rising demand from the steel industry. He projected, "By 2029-30, we should have the capacity to produce as much coal as the country demands and be in a position to supply coal to other countries."

Additionally, the Ministry of Coal is finalizing a policy to facilitate the washery route for coking coal, aimed at providing washed coking coal to the steel industry to blend with imported coal. This step is designed to enhance the quality of domestic coal and decrease the steel sector's dependence on foreign coal.

The government is also promoting coal gasification, earmarking Rs 8,500 crore to support the establishment of coal gasification plants by both private and public sectors, noted Nagaraju, highlighting the potential for industry diversification.

Avinash Kumar Mishra, Executive Director (Coal) at the Railway Board, emphasized logistical support initiatives for the coal sector, mentioning plans for specialized wagons dedicated to transporting coal, especially for the burgeoning coal gasification market. Mishra also acknowledged a significant improvement in coal availability over the past two years, attributed partly to increased imports which are expected to diminish as domestic production rises.

M Nagaraju, Additional Secretary of the Ministry of Coal, announced that India's coal sector is poised to increase its production to around 1.1 billion tonnes next year, showing a compound annual growth rate of 11 % over the preceding two years. He made these remarks at the FICCI workshop titled 'Coal Matrix for Indian Metals Industry', where he detailed the government's comprehensive strategy for the coal sector, emphasizing efforts to diminish reliance on imports and enhance domestic capabilities. Nagaraju disclosed that the government has launched the coking coal mission with a strategic goal of achieving 140 million tons by 2030. As part of this initiative, he revealed plans to establish eight coking coal washeries to meet the rising demand from the steel industry. He projected, By 2029-30, we should have the capacity to produce as much coal as the country demands and be in a position to supply coal to other countries. Additionally, the Ministry of Coal is finalizing a policy to facilitate the washery route for coking coal, aimed at providing washed coking coal to the steel industry to blend with imported coal. This step is designed to enhance the quality of domestic coal and decrease the steel sector's dependence on foreign coal. The government is also promoting coal gasification, earmarking Rs 8,500 crore to support the establishment of coal gasification plants by both private and public sectors, noted Nagaraju, highlighting the potential for industry diversification. Avinash Kumar Mishra, Executive Director (Coal) at the Railway Board, emphasized logistical support initiatives for the coal sector, mentioning plans for specialized wagons dedicated to transporting coal, especially for the burgeoning coal gasification market. Mishra also acknowledged a significant improvement in coal availability over the past two years, attributed partly to increased imports which are expected to diminish as domestic production rises.

Next Story
Infrastructure Urban

What Industry Wants!

The construction industry is gearing up for Budget 2025 with high expectations. As one of India’s key economic drivers, the sector is eagerly anticipating reforms and policies to address pressing challenges such as high input costs, funding gaps, and sustainability demands. Industry leaders across real estate, infrastructure, construction materials, and logistics have shared their wishlists, urging the government to focus on GST rationalization, increased CAPEX, and green initiatives.This year’s budget presents an opportunity for the government to not only tackle existing bottlenecks but a..

Next Story
Infrastructure Urban

Messe Stuttgart, Startup India Tie-Up to Boost Funding

The logistics market in India is poised for significant growth, with a projected revenue of $357.3 billion by 2030. Despite this huge potential, a recent McKinsey & Company report highlights the decline in logistics funding following the pandemic that remains a significant concern. After receiving unprecedented funding of $25.6 billion in 2021, venture capital investment in logistics startups fell sharply to $2.9 billion in 2023—a nearly 90 per cent decrease, marking the lowest since 2015. This pullback from investors is attributed to several factors, including high interest rates, a glo..

Next Story
Infrastructure Transport

JK Tyre Strengthens Road Safety Commitment

Reinforcing its unwavering commitment to road safety, JK Tyre & Industries, a leader in the tyre manufacturing industry, partnered with the Delhi Traffic Police to organise a comprehensive Road Safety Awareness Week. This initiative, held as part of National Road Safety Month (January 1–31, 2025) spearheaded by the Ministry of Road Transport and Highways (MoRTH), aimed to foster responsible driving habits and reduce road accidents. Under the theme ‘Sadak Suraksha Jeevan Raksha,’ the initiative commenced on January 16, 2025, at the Delhi Police Traffic Training Park, BKS. The program feat..

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