Coal ministry to soon notify blocks for commercial mining

The ministry of coal (MoC) has kicked off the process to allocate blocks for commercial mining by state PSUs, a top official said here today"The MoC has taken an in-principle decision to allocate coal blocks in favour of state PSUs for commercial mining. A notification to this effect would be issued in 15 days. States have to submit specific applications for commercial mining of coal", Coal secretary Anil Swarup said.    Share Market Astrology

The state government has already written to the MoC to allocate the Patrapada coal block with reserves of 1,042 million tonnes to Odisha Mining Corporation (OMC) for commercial mining. Patrapada is one of the 10 Schedule I coal blocks listed by the Ministry of Coal for non-regulated sectors. The remaining coal blocks identified are Nuagaon-Telisahi, Talabira II, Utkal, Biatarani West, Mandakini B, Rampia and dip side Rampia, Ramchandi promotional coal block and North of Arkhapal and Srirampur coal block.     Nifty Trading Tips

The state government argued that allocation of a commercial coal block to OMC would facilitate sale of coal to non-regulated sectors.There are 56 captive power plants (CPPs) of iron & steel and aluminium industries in the state with installed capacity of more than 6,310 Mw.Besides, the annual requirement of coal for sponge ironunits alone excluding the CPPs is estimated to be at least 30 million tonne per annum. The coal requirement of these end use industries is only expected to increase in the coming years with their expansion and commencement of production by more units.The Coal secretary took stock of the coal mine projects byMahanadi Coalfields Ltd (MCL), a Coal India subsidiary.    Jackpot Stocks Trading Tips

He identified land acquisition as the key bottleneck but expressed optimism that MCL would reach the envisaged coal production target of 250 million tonnes by 2025. The Odisha government wold have to play a key role in MCL meeting that output, he added. Stock Market Trading Tips

"The MCL coal mine projects in the districts of Angul, Jharsuguda and Sundargarh have been first tracked and the government would provide all help and assistance for their operations", said state chief secretary Aditya Padhi.The state government reiterated its demand for allocation of a suitable coal block to Odisha Thermal Power Corporation Ltd (OTPCL), a 50:50 joint venture between OMC and Odisha Hydro Power Corporation (OHPC).    Himanshu Tiwari Astrologer Blog