Hindenburg Research put the spotlight on the Adani Group’s relationship with Adicorp, a small Gujarat-based firm. Now, another connection has surfaced.
Union Minister for Coal and Mines Pralhad Joshi, who was also present on occasion with Rajnath Singh, said the government will provide incentives to players who will start early production from the mines. He also noted that coal would be in use for the next 40-50 years.
Coal auctions for regulated and non-regulated sectors likely to be clubbed by ministry
7Newswire
09 Jun 2021, 23:33 GMT+10
It is expected to promote transparency and encourage public-private partnerships in the mining sector. The industry is likely to benefit from the mining pact of NLC and Adani Group in Talabira along with Vedanta s winning bid for Radhikapur mine.
Indian coal sector is expected to affiliate all spot auctions for regulated and non-regulated sectors to finalise market-determined uniform price for every grade. As of now, under the category of regulated sector, special auctions are held for the power sector whereas, separate auctions are held for different sectors.
Public sector mining major NMDC has reported a 66 per cent jump in production to 4.57 million tonnes (MT) in March 2021, from 2.76 MT a year ago, and a 51 per cent growth in sales to 4.08 MT during the month of March 2021 as compared to 2.70 MT sales March 2020. Production and sales in March were the highest in the company s history. The previous best show was in March 2018 when the company mined 4.10 MT. Chhattisgarh production in March stood at 3.98 MT as compared to 2.60 MT, while sales stood at 3.21 MT (2.41 MT). Mining in Karnataka rose to 0.59 MT from 0.16 MT, while sales rose to 0.87 from 0.29 MT. During the year ended March 31, 2021 total production stood at 34.11 MT as compared to 31.49 MT, an increase around 8.32 per cent, while sales rose to 33.27 Mt from 31.51 MT, an increase of around six per cent.