Govt to set up for 8 coking coal washeries
POWER & RENEWABLE ENERGY

Govt to set up for 8 coking coal washeries

According to M Nagaraju, Additional Secretary at the Ministry of Coal, India's coal sector is poised to increase its production to approximately 1.1 billion tonnes next year, marking a compound annual growth rate of 11% over the past two years. Nagaraju outlined the government's robust plan for the coal sector, which includes a significant focus on reducing import dependencies and enhancing domestic capabilities. Nagaraju stated that the government has initiated the coking coal mission with a strategic target to reach 140 million tonnes of coking coal production by 2030. As part of this plan, eight coking coal washeries will be established to meet the increasing demand from the steel sector. Nagaraju expressed the government's goal to be self-sufficient in coal production by 2029?30 and be in a position to supply coal to other countries. Furthermore, the Ministry of Coal is finalising a policy that will facilitate the washery route for coking coal, which will help in offering washed coking coal to the steel industry for blending with imported coal. This move is aimed at enhancing the quality of domestic coal and reducing the steel sector's reliance on foreign coal. In addition to these initiatives, the government is also promoting coal gasification with an allocation of Rs 8,500 crore to support the set-up of coal gasification plants by both the private and public sectors. Nagaraju highlighted the potential for diversification within the coal industry through this initiative. Avinash Kumar Mishra, Executive Director (Coal) at the Railway Board, emphasised the logistical support being planned to aid the coal sector. He noted that the railways would offer specialised wagons for transporting coal, particularly for the emerging coal gasification market. Mishra also mentioned the significant improvement in coal availability over the last two years, attributing it to increased imports, which are expected to reduce as domestic production escalates.

According to M Nagaraju, Additional Secretary at the Ministry of Coal, India's coal sector is poised to increase its production to approximately 1.1 billion tonnes next year, marking a compound annual growth rate of 11% over the past two years. Nagaraju outlined the government's robust plan for the coal sector, which includes a significant focus on reducing import dependencies and enhancing domestic capabilities. Nagaraju stated that the government has initiated the coking coal mission with a strategic target to reach 140 million tonnes of coking coal production by 2030. As part of this plan, eight coking coal washeries will be established to meet the increasing demand from the steel sector. Nagaraju expressed the government's goal to be self-sufficient in coal production by 2029?30 and be in a position to supply coal to other countries. Furthermore, the Ministry of Coal is finalising a policy that will facilitate the washery route for coking coal, which will help in offering washed coking coal to the steel industry for blending with imported coal. This move is aimed at enhancing the quality of domestic coal and reducing the steel sector's reliance on foreign coal. In addition to these initiatives, the government is also promoting coal gasification with an allocation of Rs 8,500 crore to support the set-up of coal gasification plants by both the private and public sectors. Nagaraju highlighted the potential for diversification within the coal industry through this initiative. Avinash Kumar Mishra, Executive Director (Coal) at the Railway Board, emphasised the logistical support being planned to aid the coal sector. He noted that the railways would offer specialised wagons for transporting coal, particularly for the emerging coal gasification market. Mishra also mentioned the significant improvement in coal availability over the last two years, attributing it to increased imports, which are expected to reduce as domestic production escalates.

Next Story
Infrastructure Urban

Budget 2025: Key Highlights

On February 1, 2025, Finance Minister Nirmala Sitharaman presented the Union Budget for the financial year 2025-26 in Parliament. This marks the eighth budget by Sitharaman, making her the first finance minister in India’s history to present so many budgets. It is also the first budget of Prime Minister Narendra Modi’s third term.Sitharaman emphasised that the budget focuses on driving growth towards a “Viksit Bharat” (Developed India), with the country maintaining its position as the fastest-growing major economy. She outlined the government’s commitment to inclusive development, im..

Next Story
Infrastructure Urban

Budget 2025-26: Industry reactions

Union Finance Minister, Nirmala Sitharaman announced Budget 2025-26 today. The government has planned a number of strategic initiatives which will drive inclusive growth, boost economic growth and provide an impetus to to India’s competitive edge on the global stage.Here’s what industry has to say about various announcements and initiatives announced in the budget:Real Estate“The Union Budget 2025 is a game-changer, reinforcing India's commitment to inclusive and sustainable urban growth. The SWAMIH Fund 2 with Rs 15,000 crore will accelerate the completion of stalled housing projects, b..

Next Story
Infrastructure Urban

Budget 2025: Key Announcements Impacting Real Estate

Key takeaways for the real estate sector include:• Income tax relief for the middle class: The finance minister announced zero income tax for individuals earning up to Rs 12 lakh annually, providing a major consumption boost. This move is also expected to strengthen demand for affordable housing. Additionally, the new income tax bill will retain nearly 50 per cent of existing provisions while introducing personal tax reforms and rationalising TDS and TCS regimes by streamlining rates and thresholds.• Tax benefits for residential property investors: Investors can now claim nil valuation for..

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