Domestic firms need to boost capacity to meet steel policy goals: Anil Kumar Chaudhary, Chairman, SAIL

Having implemented its Rs 72,000-cr expansion programme to a large extent, SAIL has in its crosshairs the Centre’s target of 300-MTPA capacity by 2030-31, chairman Anil Kumar Chaudhary said to the Financial Express. The Steel Authority of India, the country’s largest public sector steelmaker, has been in the steel business for more than 60 years. […]

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India okays allocation of 5 coal mines; allows part output sale in open market

The Indian government has approved the allocation of five coal mines with a combined capacity of about 5.2 million tonnes per year, allowing successful bidders the flexibility to sell a portion of the production in the open market, according to the ministry of coal. “The significant feature of the allocations is that for the first […]

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Three coal mine auctions close with significant variations across winning bid prices

The auction of coal mines under the eighth, ninth and tenth round has come to a close with winning bid prices reflecting the significant variation. The highest winning bid amount from among all mines bid out, at Rs.1,674 per tonne, has been quoted for the Jamkhani coal mine in Odisha by Vedanta Limited. Prakash Industries’s […]

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Coal ministry rejects Niti Aayog’s proposals on raising mining output

Terming them “completely contrary to principles of transparency”, the Union coal ministry has rejected the recommendations of a high-level committee of Niti Aayog on ramping up coal production. The panel had suggested to put an end to captive coal block allocation and conduct auctions only for commercial mining. “Any sudden change in policy pushing for […]

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Coal block auction to start shortly; mines auctioned 4 years ago still behind production target

Union minister Pralhad Joshi Wednesday said the auction of coal blocks would commence “very shortly”. The coal minister also said that major policy changes would also be notified very shortly and expressed hope that the auction would be successful. However, coal mines, which were awarded through flagship e-auction during the BJP’s first term, are still […]

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Coal mines auction in India seen fetching good response as import prices rise

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India’s coal ministry is expecting good response for auctions of coal blocks for commercial mining that was postponed last year owing to lukewarm response, government official have said. Higher prices of imported coal and a revival in core domestic industries should push interest, they added. The coal ministry is likely to initiate the auctions for […]

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China says coal consumption to be 4.3 billion tonnes by 2020

China’s coal consumption will be around 4.3 billion tonnes by 2020, as the government pushes for cleaner and greener growth despite the slowing economy, Xinhua news agency quoted the China National Coal Association (CNCA) as saying. The annual growth of coal consumption during 2016-2020 will remain at 2 percent, the CNCA President Wang Xianzheng during […]

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