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NTPC's plant revival plan is to boost equipment sector

National Thermal Power Corporation's (NTPC) plan to spend around Rs 9,600 crore to revive its old power plants might help revive the ailing power equipment sector as well. NTPC plans to improve the falling plant load factors (PLFs) of seven power plants that are more than 25 years old.

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ISMA wants govt to encourage equipment industry

Members of the Indian Solar Manufacturer's Association (ISMA) want the government to promote local production of solar power equipments. Satyendra Kumar, Chief Technology Officer of Lanco Solar, which is a member of ISMA, said indigenous manufacturing should be encouraged by the government in the second phase of the Jawaharlal Nehru National Solar

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Infra equipment major JCB to set up plant for Rs 5 bn

Over the next five years, UK-based construction equipment maker JC Bamford Excavators (JCB) said it would invest Rs 500 crore in the country to set up its fourth manufacturing facility. The firm would spend Rs 500 crore on a greenfield plant near Jaipur and this is part of its strategy to ramp up its operations in India

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Environment ministry clears 18 coal projects

The union environment ministry cleared 18 coal mining projects of the monopoly coal miner Coal India (CIL), Minister of State for Coal Pratik Prakashbapu Patil informed the Rajya Sabha. The Ministry of Environment and Forests gave environmental clearances (EC) for 14 projects and stage-I forestry clearances (FC) for four projects of CIL soon after the meeting of Cabinet Committee on Inve

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Proposed coal regulator may have only adjudicating power

The Group of Ministers (GoM) on setting up of the proposed coal regulator decided that the regulatory body would be empowered to resolve disputes including disputes arising out of fuel supply agreements (FSAs). However, the group decided not to give the power of fixing coal price to the proposed regulator. This was decided at a recent meeting of

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House panel proposes royalty-based payment for coal miners

A Parliamentary committee headed by Trinamool Congress MP Kalyan Banerjee, suggested the government to mandate coal and lignite mining firms to contribute an amount equal to royalty towards a district mineral foundation (DMF). While the new mining bill mandates miners of major minerals like iron ore and bauxite to make such a contribution, the bill mandates coal and lignite mines to pay

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Environment ministry clears 18 coal projects

The union environment ministry cleared 18 coal mining projects of the monopoly coal miner Coal India (CIL), Minister of State for Coal Pratik Prakashbapu Patil informed the Rajya Sabha. The Ministry of Environment and Forests gave environmental clearances (EC) for 14 projects and stage-I forestry clearances (FC) for four projects of CIL soon after the meeting of Cabinet Committee on Inve

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BCCL to engage contractor for mine operation

Bharat Coking Coal (BCCL) is a state-run company engaged in mining of coking coal and allied activities. The firm meets almost 50 percent of the total prime coking coal requirement of the integrated steel sector.

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CIL invites EoI from merchant bankers

In order to pick up stake in foreign mining assets, Coal India (CIL) decided to rope in additional merchant bankers. Currently, RBS, Bank of Canada and BofA-Merrill Lynch along with its Indian arm DSP Merrill Lynch are the merchant bankers for CIL. The state-run miner invited expressions of interest from merchant bankers on possible targets, besides extending the

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Several of 17 coal blocks fall in dense forests

Media reports indicate that several of the 17 coal blocks, that the centre intends to allocate to state-run companies, are located in some of the dense forests in the country. According to a report by the NGO Greenpeace, these 17 blocks fall in 5,200 hectare of forests with more than half being high or moderately dense