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NLCIL sets sights on becoming 17,000 MW plus energy company in six years: CMD

NLCIL sets sights on becoming 17,000 MW plus energy company in six years: CMD
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coal mine auction: Govt to launch 9th round of commercial coal mine auction on Wed; 26 mines on the block

The Ministry of Coal is set to launch the ninth round of commercial coal mine auctions on December 20, 2023, offering up to 26 blocks to bidders. The auction will take place in Chhattisgarh, Jharkhand, Madhya Pradesh, and Telangana. The auction will have no restrictions on the sale or utilization of coal, and eligibility criteria have been eliminated.

coal mine: Coal ministry asks Department of Financial Services for classifying coal under infrastructure sector

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.

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