The Department of Steel and Mines of Odisha government granted the mining lease of Utkal-E coal block to National Aluminium Company Limited (NALCO) through a notification issued on April 12
The latest amendments come with the Bharatiya Janata Party-led central government opening up key sectors for greater private investment
The ministry said that it has invited comments from the state governments of coal-bearing states and stakeholders/general public on the said proposals
In order to keep the interest of new and small players intact, the coal ministry is offering only small- and medium-sized coal mines in the second round
International Energy Agency's (IEA) India energy outlook said India would need a massive investment of $1.4 trillion if it were to aim for net zero by mid 2060
The mines won't have legacy or legal issues as the Centre is trying to make the process as seamless as possible
Further rounds will continue thereafter: Coal minister
The government mopped up Rs 8,964.75 crore till last month from the auctioned and allotted mines, according to the coal ministry
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The Centre is planning to come out with the proposed mining reforms in a month or so and the auction of mineral blocks will kickstart two to three months after the amendments take place
In an interview with Shreya Jai & Jyoti Mukul, Union Minister of Coal, Mines and Parliamentary Affairs Pralhad Joshi argues why coal production cannot be sacrificed at the altar of environment
Govt gets 82 bids in technical round for India's first such auction
States had protested that the Centre was breaching their rights to approve land acquisition for private coal miners
Adds three mines from the same state taking the total of mines on offer to 38, from 41 earlier
Coal Ministry said it has revised the list of mines to be auctioned for commercial mining and now 38 blocks would go under the hammer instead of 41 mines announced earlier
CIL will pump in over Rs 1.22 trn on projects related to coal evacuation, exploration and clean coal technologies by 2023-24, to achieve 1 bn tonnes of fuel output target, Coal Minister said
Under Coal Bearing Areas Act, Centre will acquire land and then give it on lease to miners; SBI raises concerns on offtake, demand of coal from commercial mines
Coal is among the top five commodities imported by India, the world's largest consumer, importer and producer of the fuel after China
The ACQ has been increased to 70 per cent for coastal plants
It is further clarified that any FDI in the commercial coal mining is subject to applicable laws, including the Press Note 3 of 2020, the statement said.