In order to address environmental concerns, the government has mandated grant of green clearance wherein the project proponent has to conduct environment impact assessment studies and prepare an environment management plan. The plan will be duly examined by an expert committee before taking up any activities related to establishment of a coal gasification plant.
India Business News: The Centre on Thursday said the significant growth in the coal sector is due to a rise in production of the fossil fuel during September. The producti
The Indian coal sector experiences substantial growth, driven by increased coal production in September 2023, reaching 67.27 million tonnes, a 16.1% YoY growth in the core industries index. Government initiatives, including policy amendments, contributed to this progress.
The Ministry of Coal has requested the Department of Financial Services (DFS) to consider reclassifying coal as part of the infrastructure sector. This reclassification has the potential to facilitate the financing of commercial coal mines. The move aims to enable banks and financial institutions to develop more efficient policies to meet the growing demands of the coal sector within specified timeframes.