India’s wind and solar generation share rose from 3% of total generation in 2015 to 10% in the first half of 2020 and at the same time, coal’s share fell from 77% to 68%, according to a latest report. It said that wind and solar continued to grow in line with the global average, reducing India’s reliance on coal.
The ministry of new and renewable energy (MNRE) has granted extension in the scheduled commissioning date for renewable energy projects by five months from 25 March to 24 August 2020 to overcome the COVID-19 disruption.
Indian Railways has allowed its zones to provide freight discounts for those customers who promise to bring on extra traffic for 100 km for up to 10 years, increasing the time-period for the scheme ten-fold. This will help it capture more cargo from the road sector.
CIL said it has sought 15% distance-based freight concession from Indian Railways for transportation of domestic coal to customers located at a distance of 701 to 1,400 km from its mines. The move is aimed at broadening the client base and bring in more customers under import substitution plans, Coal India Ltd (CIL) said in a statement.
Ultratech Cement has lined up investment of Rs 1,500 crore in FY21 in multiple initiatives, its chairman Kumar Mangalam Birla said. The company is also targeting to increase its annual capacity to 118 million tonnes from 114.8 million tonnes currently, he informed the company’s shareholders.
Mines Minister Pralhad Joshi said the government will come out with more industry-friendly reforms in the mining sector very shortly. The minister also invited investors, explorers and miners to come and explore the huge opportunities that the Indian mining sector offers.