A Coal Ministry release said that the mine was facing abnormal delay in handing over of forest land after receipt of Stage-II forest clearance in October 2022 which has delayed the operationalization of the mine
According to a statement by the ministry, Union Minister of Coal and Mines G Kishan Reddy and Minister of State for Coal and Mines Satish Chandra Dubey will inaugurate this tranche on Monday at the Scope Convention Centre, CGO Complex here.
The National Monetisation Pipeline (NMP), developed by Niti Aayog in consultation with concerned ministries, aims to monetize assets over a four-year period starting from FY22, with assets totaling Rs 6 lakh crore earmarked for monetization.
The Ministry of Coal (MoC) said despite the extremely high demand for power, the coal stocks at Thermal Power Plants remain robust, exceeding 45 million tonnes (MT) as of June 16, 2024, which is 31.71 per cent higher compared to the same period last year when it was 34.25 MT.
According to the press release by the Ministry of Coal, a Sub-Group mechanism, comprising representatives from the Ministry of Power, Ministry of Coal, Ministry of Railways, and power generating companies, has played a crucial role in maintaining this steady supply.
According to a press release by the Ministry of Coal, during April 2024, Coal India Limited (CIL), the state-owned coal mining company, achieved a coal production of 61.78 MT (Provisional), marking a growth of 7.31 per cent compared to the same period last year when it produced 57.57 MT.
The coal sector in India has exhibited highest growth of 11.6 per cent (provisional) among the eight core industries for the month of February 2024 as per the Index of Eight Core Industries (ICI) released by Ministry of Commerce and Industries.
The Ministry of Coal aims to produce 186.63 million tonnes of coal exclusively from captive or commercial coal mines during the financial year 2024-25 which starts this April.
In December 2023, the total coal production from captive and commercial coal mines was 14.04 MT, up by 38 per cent from 10.14 MT in the same month of the previous year.
According to a press release, this outstanding accomplishment reflects a remarkable 166 per cent increase over the same period in the previous year (April to November).
The Union Ministry of Coal has said it has plans to produce 1,404 million tonnes (MT) of coal by the year 2027 and 1,577 MT by the year 2030, at the current level of production of about 1,000 MT per annum.