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Cabinet To Soon Approve Rs 37,500 Crore Incentive Scheme To Promote Coal Gasification Projects
The coal ministry has already prepared a Cabinet note on the scheme to promote coal gasification projects, with a financial outlay of Rs 37,500 crore.
Cabinet to soon approve Rs 37,500 cr incentive scheme to promote coal gasification projects
The Union Cabinet is poised to approve a Rs 37,500 crore incentive scheme to promote coal gasification projects. This initiative aims to boost clean energy production, reduce import dependence on critical commodities like LNG and urea, and enhance the utilization of domestic coal resources.
Coal India, UltraTech, Sun Pharma, PSU banks: Mayuresh Joshi’s stock calls
Mayuresh Joshi, Director Research, Marketsmith India, says Coal India’s weak volumes and realisations limit upside despite about 6% yield, while UltraTech’s double-digit volume outlook supports steady performance. He flags near-term demand risks for Jindal Stainless but sees long-term potential, prefers pipe plays like Welspun Corp, and remains selective on PSU banks. On Sun Pharma, he sees long-term gains but near-term execution and margin risks.
India to launch 15th round of commercial coal mine auctions on April 17
The Ministry of Coal will launch the 15th round of commercial coal mine auctions on April 17, alongside a stakeholder consultation in Mumbai, as part of efforts to boost domestic coal production and strengthen energy security.
RITES' order from NALCO revised upward to ₹118.89 crore
The letter of award amendment relates to detailed engineering and PMC services for the construction of a railway siding at Sankerjang in phase-I of the Utkal-D coal mines project. Shares of RITES Limited closed at ₹200.75 on April 8, gaining ₹9.01 or 4.70%.
Coal paying important role in India's energy security amid Israel-Iran war
India's energy security relies on coal amid global fuel uncertainties. Domestic production meets rising demand, with significant stockpiles at mine-heads and power plants. Coal India Limited is conducting e-auctions to ensure availability. Supplies to small and medium consumers are facilitated. The government assures demand will be met, supporting industrial continuity and economic growth.
IEX share price surges over 3% following board's approval to launch Coal Exchange
Indian Energy Exchange shares surged 3% as it announced in-principle approval for a Coal Exchange. February saw a 30.4% growth in electricity trading volume to 12,550 million units and a 15.2% increase in renewable energy certificates traded.
IEX moves closer to coal exchange launch; board gives in-principle nod
IEX has received board approval to explore setting up a coal exchange under proposed regulations, signalling a potential expansion into coal trading as part of its broader energy market strategy.
Govt plans to add 97,000 MW coal, lignite-based thermal capacity by 2035: Shripad Naik
India is set to boost its power generation capacity. The government plans to add 97,000 megawatts of coal and lignite-based thermal power by 2034-35. This expansion aims to meet a projected demand of 3,07,000 megawatts. Significant progress is already underway with ongoing construction and awarded contracts for thermal projects.
India sees power use surging to record, adding to energy crisis
India braces for a record surge in power demand this summer. This comes as the nation faces energy challenges exacerbated by the ongoing war in Iran. Authorities are working to secure fuel supplies for power stations. The country's electricity needs are expected to climb significantly. This situation puts added pressure on coal power plants.
Stocks to buy: From Coal India to JSW Energy, Axis Direct bets on these 5 stocks as India’s power demand heats up
Axis Direct maintains Buy ratings for Coal India, Skipper, and JSW Energy, highlighting strong demand and infrastructure expansion in India's power sector. Target prices are ₹500 for Coal India, ₹470 for Skipper, and ₹630 for JSW Energy.
'Alternate sources in play to meet peak power demand this summer'
India anticipates sufficient power supply this summer. New coal and renewable energy capacities will meet demand. Battery storage is also coming online. This comes as gas-fired power generation may be reduced. Peak power demand is projected to rise significantly. The government has alternative resources to ensure adequate supply.