Coal & Mining

Rail–ECL Coordination Meeting Held in Asansol to Discuss Coal Transportation

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Asansol: A coordination meeting was held between the Divisional Railway Manager (DRM) of Eastern Railway’s Asansol Division, Vinita Srivastava, and Eastern Coalfields Limited (ECL) Chairman-cum-Managing Director (CMD), Satish Jha, along with senior officials from both organisations. The meeting aimed to enhance coordination between Indian Railways and ECL for improving coal supply and transportation efficiency. Key […]

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Government to Launch ₹7,350 Crore Scheme to Boost Rare-Earth Magnet Production

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The Indian government is in the final stages of introducing a ₹7,350 crore scheme aimed at promoting domestic production of sintered rare earth permanent magnets (REPMs) and reducing import dependence, according to information accessed by Business Standard. The initiative comes in the wake of China’s export restrictions on REPMs in April, which disrupted supplies for

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India’s Coal Exports Jump 23% in FY25 Amid Rising Global Demand

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India’s coal exports surged 23.4% year-on-year to 1.908 million tonnes (MT) in FY2024-25, marking a significant increase as the government pushes to tap growing global demand for fossil fuels. According to provisional government data, coal exports stood at 1.546 MT in FY2023-24.In value terms, exports were pegged at ₹1,828.2 crore in FY25, compared to ₹1,643.4

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CISF Seizes Large Quantity of Illegal Coal in Jamuria Raid, Syndicate Network Under Scanner

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Jamuria (Asansol): Fresh allegations have surfaced regarding the revival of illegal coal trade in the Jamuria region of Asansol. On Saturday night, the Central Industrial Security Force (CISF) conducted a major operation in the Tapasi area of ECL Kunustoria Colliery, seizing a large quantity of illegally mined coal. Acting on a tip-off, CISF personnel along

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ED Recommends Action Against 10 Senior IAS, IPS Officers in ₹570-Crore Chhattisgarh Coal Levy Scam

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The Enforcement Directorate (ED) has recommended disciplinary and legal action against 10 senior IAS and IPS officers in connection with the alleged ₹570-crore Chhattisgarh coal levy scam, citing violations under the Prevention of Corruption Act. According to official sources, the recommendation has been sent to Chief Secretary Amitabh Jain and the Economic Offences Wing (EOW)

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Coal Ministry to Organise Roadshow in Delhi on Friday

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New Delhi: The Ministry of Coal will hold a roadshow in the national capital on Friday to create a platform for industry leaders, investors, and policymakers to exchange ideas, explore investment opportunities, and discuss collaborative strategies to boost coal gasification projects. The initiative comes as India has set a target of achieving 100 million tonnes

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Coal India Backs Inclusion of Imported Coal in Proposed Exchange

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State-owned Coal India Ltd (CIL) has recommended that imported coal be allowed for trading on the proposed coal exchange, expanding the platform beyond domestic supply and improving price discovery for power plants dependent on overseas fuel. “Imported coal could be traded through exchange hubs at suitable ports, enabling fair pricing for imported coal-based power plants

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Coal India Raises Ex Gratia for Fatal Mine Accidents to ₹25 Lakh, Enhances Insurance Cover

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New Delhi: State-owned Coal India Ltd (CIL) has increased the ex gratia payment for fatal mine accidents to ₹25 lakh, up from ₹15 lakh earlier, Union Coal and Mines Minister G Kishan Reddy announced on Friday. The revised compensation will take effect from September 17, coinciding with Vishwakarma Diwas. Enhanced Insurance Benefits Calling the move

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India’s Coal Imports Fall 16.4% in July Amid Sluggish Demand, High Stock Levels

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India’s coal imports fell 16.4% year-on-year to 21.08 million tonnes (MT) in July, weighed down by subdued demand during the monsoon season and the availability of high stock, according to data from mjunction services, a B2B e-commerce platform jointly promoted by Tata Steel and SAIL. Imports stood at 25.23 MT in the same month last

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Mahanadi Coalfields Nine MINES Sweeps Coal Ministry’s Star Rating Awards with 5-Star

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Mumbai: State-owned Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Limited, has bagged top honours at the Ministry of Coal’s Star Rating Awards, with nine of its coal mines earning the prestigious 5-Star Rating for 2023–24. The recognition spans two underground mines—Hirakhand-Bundia and Orient Colliery Mine No. 1 & 2—and seven opencast mines: Kulda,

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