Coal gas to help reduce import bill by $10 bn in 5 years
The Dollar Business Bureau The government can encourage the use of domestic coal gas to produce urea and other chemicals in order to cut down on its imports bill by as much as $10 billion over the next five years. Coal Secretary Susheel Kumar said the imports of petroleum and natural gas can be slashed if we are able to produce gas from coal. "If we are able to replace this import by indigenous coal gasification ... it can safely be said that in next five years time, about $10 billion worth of import can be substituted. That's the mechanics which one has to really work on," Kumar told PTI in an interview. "Our dependence on petroleum and natural gas will be reduced ... We know that coal ...
Coal imports down 15% in Apr-Dec on higher CIL output
Coal Secretary Anil Swarup had earlier said that imports will continue to decline this fiscal due to unprecedented increase" in output of the fossil fuel by CIL Source: PTI Coal India Ltd which accounts for over 80% of the domestic coal production, is eying one billion tonnes production by 2020 Countrys coal imports fell by 15% to 132.3 million tonnes in the first 9 months of the current fiscal, from 155.4 MT a year ago, because of record production by state-owned CIL, a top official said today. In value terms, the decline was worth around Rs.18,000 crore. Record coal production by Coal India leads to further reduction in imports. Coal imports down by 15% during April-Dec '15 compared to 2014," Coal Secretary Anil Swarup ...
Govt to e-auction eight coal mines in January
The Dollar Business Bureau The e-auctions for these mines will be held from January 18, 2016 to January 22, 2016 and the vesting order by the nominated authority to the successful bidder shall be issued by March 10, 2016 The government on Thursday announced the dates for its fourth round of online auction of eight coal blocks in sectors such as steel, cement and iron. “It has been decided to auction eight Schedule- III coal mines earmarked for non-regulated sector i.e. iron & steel, cement and captive power plants in the fourth tranche,” Coal Secretary Anil Swarup said. Three rounds of auctions have already been held and allotted, for which the government has already mobilised over Rs.3 lakh crore. Directions ...
