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Coal India approves record 32 mining projects at Rs 47K cr

Scripting a record high, Coal India Limited (CIL) has approved 32 coal mining projects in the current fiscal till January 2021, which indicate an estimated incremental capital of around Rs 47,300 crore.

Mining market scenario

The upcoming mining reforms are expected to drive the demand for advanced mining equipment technologies and solutions.

Privatisation of coal mining

India's coal demand-supply balance still remains tilted in favour of coal imports as the state-run miners, Coal India and the Singareni Collieries Company have been unable to entirely meet India's coal demand, especially for higher grade thermal coal/washed coal and coking coal.

Commercial coal mining to improve efficiency

The Union Government?s recent move to allow the private sector to commercially mine coal will boost both production and mining efficiency, according to CRISIL. Substitution of imported non-coking coal with domestic production could save roughly Rs 30,000 crore of coal imports, CRISIL estimates.

Coal import decline to impact port players

The rating firm ICRA has cautioned against the continuing decline in coal imports that may impact long term returns for port players with high concentration of coal cargo.

Coal output records 1.6percent growth

The production of raw coal in the country during April-November of 2016-17 was 391.10 Mte compared to 385.11 Mte during the corresponding period of previous year, an overall growth of 1.6 per cent. The Coal Ministry has given special focus to decrease coal imports in the country.

Government should fast-track the procurement

After a lull in the past three years, mining, especially coal, is set to show significant growth in the next few years. Coal India (CIL) is doing its best to increase coal production quickly, from the current 568 million tonne per annum (mtpa) to 927 mtpa by 2020.

A Game Changer

With Krishnapatnam Port soon becoming the hub for industrialisation in the region, coal imports are surging with an expectation to hit 100 mtpa in the next 10 years. Krishnapatnama Port Company Ltd (KPCL) has always been a step ahead of the demand by increasing its port capacity and operational efficiency.

Government should fast-track the land acquisition process

Gmmco, well supported by Caterpillar, is the one-stop shop for mining equipment and solutions. We offer the complete range of Cat surface and underground mining machines

Getting ready for the upturn

In spite of the unfavourable market dynamics, most of the OEMs have adopted innovative strategies to sustain themselves while keeping an eye on the coming boom. Innovative strategies are developed to retain existing customers

Streamlining the mining process

The year that went by - in fact, the last two years - put the country?s mining sector through one of its toughest tests. The Supreme Court ban on iron ore mining in Karnataka in 2011 and in Goa in 2012, alongside the Coalgate scams and environmental restrictions severely impacted this sector, and led to a considerable dent in the growth of the CE sector during this period.

Panel on surplus coal usage to submit report soon

By the end of this month, the panel headed by BK Chaturvedi to look into the possibility of utilisation of surplus coal from captive mines by power utilities, will submit its report to the Union Coal Ministry. The panel is looking at utilising surplus coal by creating a bank or a common pool that will supply the fuel to the power utilities.

CIL may start coal imports by September end

Government-owned Coal India (CIL) would seek advance payment from its customers for its coal supplies, which it is going to be imported. And for its maiden coal import, the CIL may float a tender by September end. Sources in CIL said that a series of meetings with power producers and trading firms has taken place.

CIL may start coal imports by September end

Government-owned Coal India (CIL) would seek advance payment from its customers for its coal supplies, which it is going to be imported. And for its maiden coal import, the CIL may float a tender by September end. Sources in CIL said that a series of meetings with power producers and trading firms has taken place.

CIL meets over 90% of its supply commitment: Govt

The Union Minister of State for Coal Pratik PrakashBapu Patil has recently said in the Rajya Sabha that the Coal India (CIL) has been meeting more than 90 per cent of its supply commitment as against the annual plan target finalised by the Ministry of Coal/Planning Commission. The gap between demand and supply of coal in the country is to be met through coal imports, he added.

Coal importers evade duty via false classification

The Directorate of Revenue Intelligence (DRI) in Gujarat detected around Rs 600 crore of import duty evasion by coal importers by falsely classifying coal in 2012-13. These coal importers have allegedly evaded duty by reporting bituminous coal imports as steam coal. Earlier, the government waived customs duty on steam coal and imposed only a concessional countervailing duty (CVD

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