Coal India, BHEL to form JV to undertake coal to chemicals biz
The joint venture will set up an ammonium nitrate plant in Odisha through surface coal gasification technology.
The joint venture will set up an ammonium nitrate plant in Odisha through surface coal gasification technology.
The PSU will be setting up two projects through JVs involving an outlay of ₹24,834 crore.
Sector Macroscope
Given that India is already committed to tripling renewable and nuclear energy by 2030 and energy surplus since FY11, it doesn't need to hung up on coal
A coalition comprising more than 80 countries, including the United States, the European Union, and small island nations, advocates for pact at COP28 that incorporates to "phase out" fossil fuels.
In November 2023, the total coal output reached 66 MTs, showcasing an 8.7% increase compared to the 60.7 MTs recorded in November 2022, reflecting a substantial rise of 5.3 MTs
The price hike is expected to generate incremental revenue of ₹2,703 crore for the balance period of financial year 2023-24, says CIL
Out of the 14,700 megawatt, the Centre's target is to add 6,880 MW.
Coal India Limited (CIL) continued to be the largest producer of domestic coal accounting for 78.8% of the total production during FY23.
“Mining sector reforms providing the right fillip to economic growth”, said Finance Minister Nirmala Sitharaman