• Nineteen out of the 38 mines put under the commercial coal mine auction have been successfully auctioned off, said Union Minister Pralhad Joshi.
  • Real estate, infrastructure and pharmaceutical companies were among the winners of India’s first coal mine auctions open to the private sector without restrictions on end-use, the government said.
  • Domestic steel production and consumption continued to improve in October 2020 both sequentially as well as on y-o-y basis, CARE Ratings has stated in its latest report. In October 2020, India’s crude steel production stood at 9 million tonnes (mt), up 0.2% as compared with the corresponding month in 2019 and 5.7% higher as compared to September 2020, the ratings agency has stated.
  • The last day of India’s first commercial coal auction for private companies ended on a high note with a record bid by Sarda Energy & Minerals Ltd. The company bagged the Gare Palma-IV/7 coal mine in Chhattisgarh by quoting the closing bid of 66.75% revenue share. This is the highest bid received in the auction which started a week ago with 19 coal mines and 42 bidders.
  • India’s state-owned power generator NTPC Ltd announced around a fourth of its power generation capacity will be based on renewable energy sources by 2030. It sees total capacity growing from the current 62 Gigawatt (GW) to 130 GW by 2032..
  • Essel Mining and Industries Limited (EMIL), a part of the Aditya Birla Group, has emerged as the highest bidder for Radhikapur (East) coal mine in Talcher coalfield area of Angul district.