State-owned Coal India (CIL) has embarked on coal to methane project through an operator to build own and operate (BOO) the project. The company has floated a global tender to rope in an operator, which would set up the coal to methane (C2M) plant on a Build-Own-Operate model. This is a part of implementing the government’s […]
No steel company has shown interest in bidding for four coking coal blocks of 38 mines put on auction for commercial mining as they have concern about fuel quality and high capital cost, Business Standard reports. Of the four blocks with coking coal, a key raw material for manufacturing of the metal, two received bids from companies […]
The Orissa Electricity Regulatory Commission (OERC) has approved a proposal to hike power tariff by 20 paise per unit of electricity consumed in the state from 1st October, 2020. However, the enhanced tariff will not be applicable for farmers using electricity for agricultural activities and people below the poverty line, the OERC said in a notification. The […]
The Odisha government has concluded auction of 17 iron ore mines, that were expiring in March 2020. The auctions saw the mines being taken at high premiums, up to 154 per cent over reserve price. The new auction process has pitted the small miners against the big players slush with funds. This has helped the […]
Odisha-based steel firms, which do not have captive mines, have asked the government to make it mandatory for all iron ore miners in the state to sell at least half of their produce to Odisha-based sponge iron and steel units unless they consume 50 per cent for their own captive use, reports Financial Express. Only […]
State-run Rashtriya Ispat Nigam (RINL) and Korean steel major Posco have set up a joint working group (JWG) to develop a five million tonnes per annum (MTPA) greenfield steel plant in Vizag with an estimated investment of Rs 35,000 crore. “During the meeting, it was agreed to set up a JWG consisting of representatives from […]
India’s minister of steel, Dharmendra Pradhan has said the Centre is committed to developing the mineral-rich state of Odisha as an international hub for steel sector’s ancillary industries. The state of Odisha is amongst the richest mineral bearing states of the country,” he said in a tweet. The steel minister held a meeting with officials to discuss […]
Approximately 15 lakh power sector employees, including engineers, have threatened to go on a nationwide protest today, seeking the withdrawal of Electricity (Amendment) Bill 2020 and opposing the move to privatise state-owned power distribution companies (discoms). The move to privatise discoms was already in progress in union territories (UTs), Purvanchal Vidyut Vitran Nigam (Varanasi) and […]
In spite of the looming shadow of economic slowdown following a nationwide lockdown, India has seen a surge in announcements of renewable energy projects in July 2020. Several states taking the lead have declared plans to develop solar parks and floating solar plants to meet the country’s ambitious target of installing 175 gigawatts of renewable […]
As Prime Minister Narendra Modi continues to push for Atmanirbhar Bharat, the country’s first boost towards self-reliance may be achieved in urea. India has commissioned four new plants before 2021 as it looks to reduce its dependence on imports from China. In fact, one more urea plant, which will take the total tally to five, is expected […]
